Goldman Sachs Forecasts Lower Short-Term Treasury Yields Despite Steeper Yield Curve

Goldman Sachs anticipates a decline in short-term U.S. Treasury yields in the coming months, driven by expectations for modest economic growth. However, economists foresee a gradual steepening of the yield curve as term premiums rise. While rate cuts are fading due to persistent inflation and resilient economic indicators, government debt accumulation might push long-term yields higher.