0601 GMT - Goldman Sachs analysts see the year-end level of 10-year U.S. Treasurys higher than before, raising their forecast to 4.5% from 4.0%, they say in a note. The move follows a larger and faster de-escalation in U.S.-China tariffs, they say. This has trimmed the downside tail that Goldman Sachs analysts had expected would be the potential catalyst to a broader move lower in U.S. yields this year, they say. "A later and slower baseline for Fed cuts, a still challenging (if less severely so) growth versus inflation trade-off, and the broader fiscal trend all underpin our upward revision to U.S. yields," they say. The 10-year Treasury yield is up 7.5 basis points at 4.514%, according to LSEG. (emese.bartha@wsj.com)

(END) Dow Jones Newswires

May 19, 2025 02:01 ET (06:01 GMT)

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