3min chapter

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How much higher can bond yields go?

Goldman Sachs Exchanges

CHAPTER

Long-Run Equilibrium Rate

If the data does remain more resilient than you expect, how far could that go in terms of rate hikes? We think for this cycle at least it should be a bit higher. And we have our 10-year projections close to that long-run rate. So those are two options the Fed might have. In either case, I would argue that presents upside risks to long-term yields.

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