As Goldman's rates strategist Praveen Korapaty writes in a new research note published today, while the bank now anticipates stronger upward pressure on 2y yields and as a result has revised up its 2022 year-end forecast for 2Y yields higher by 20bps to 1.35%, as a result of Goldman's economists projecting 3 hikes by the end of 2022 (and a steady 3 hikes per year pace thereafter), the bank has left its year-end projections for 5s, 10s, and 30s unchanged at 1.8%, 2.0%, and 2.25% respectively "on account of the markets reluctance to price a higher terminal policy rate this cycle."
As Goldman's rates strategist Praveen Korapaty writes in a new research note published today, while the bank now anticipates stronger upward pressure on 2y yields and as a result has revised up its 2022 year-end forecast for 2Y yields higher by 20bps to 1.35%, as a result of Goldman's economists projecting 3 hikes by the end of 2022 (and a steady 3 hikes per year pace thereafter), the bank has left its year-end projections for 5s, 10s, and 30s unchanged at 1.8%, 2.0%, and 2.25% respectively "on account of the markets reluctance to price a higher terminal policy rate this cycle."
MMRI is into the yellow !!
Great video! Greg, and plans to attend SawCon this year?