📝 Revised 10-Year Yield 2022 Forecast to 3.75% From 3.30%: Goldman Sachs

A large portion of the repricing in nominal yields is likely to come from the real rate component; we see 10y (TIPS-implied) real yields, currently about 1.05%, hit 1.25% by year-end, before peaking at between 1.25-1.5%. We're raising our 10-year yield year-end forecast to 3.75% from 3.30%, 2023 year-end forecast at 4%. - Goldman Sachs Rates Strategy