Goldman Goes All-In for Steeper U.S. Yield Curves as 2021 Theme
- Prediction applies to both nominal and real U.S. yield curves
- Fed policy of letting inflation run hot helps drive view
This article is for subscribers only.
In its vision for key global 2021 investment themes, Goldman Sachs Group Inc. sees the U.S. yield curve steepening -- for nominal as well as real rates.
The forecast, laid out in the firm’s annual year-ahead investment outlook, is already playing out in a big way to start this week. The Treasuries yield curve reached close to the steepest level since 2016 after positive coronavirus-vaccine news brightened the growth outlook for the year ahead.