Nick Timiraos is tweeting that Goldman has now pushed the primary minimize to June from Could becoming a member of others. Fed officers have been pushing “later vs sooner”. The analysts at the moment are seeing it extra and the market has additionally pushed up yields have pushed yields increased as effectively.
Though the US 10-year remains to be effectively off the 2023 excessive at 5.02%, it’s close to the excessive from October 2022 at 4.33%.
PS Goldman now sees 4 cuts in 2024 down from 5 cuts.
