Goldman Sachs raises US 10-year Treasury forecast to 3.25

Goldman Sachs is on the wires and has raised their forecast for 10-year Treasury notes to 3.25% by the end of 2018.

Key highlights:

• Up from the previous forecast of 3%.
• Citing strong global growth.
• Anticipating quarterly rate increases from Fed.
• Also see German Bunds up to 1.0%, UK Gilts at 2%, and JGBs at 0.1% by 2018 year-end.
• Expect a lower US Dollar over the year.