Goldman Sachs: If the dream of interest rate cuts is shattered, short-term US Treasury yields may face the risk of rebounding

Odaily Planet Daily News: Goldman Sachs economists pointed out in a report that their basic judgment on the US economy still supports the core view that "short-term US Treasury yields will fall and the yield curve will eventually steepen." However, if there is a lack of solid economic data to support the Fed's expectations of rate cuts, the market's pricing of rate cuts may continue to weaken in the short term. "If the market's confidence in the room for rate cuts gradually fades when inflation remains high and economic data is not bad enough for the Fed to cut interest rates, then as government debt continues to accumulate, term premiums may face greater upward pressure, which will in turn push up yields." (Jinshi)