Technology · 4 hours ago
Goldman Sachs says bond yields won't fall despite US Treasury buybacks
America's plan to buy back up to $6 billion in government bonds has not calmed the market, with 10-year Treasury yields near October 2023 highs. Goldman Sachs, the investment bank, argues that changing the type of debt governments sell won't reduce overall borrowing needs. Instead, the bank expects investors will keep demanding higher yields because of ongoing financial concerns across developed economies.
Reported by Business Insider · How we write briefs