Goldman Sachs have raised their forecast for the 10 year UST yield to 3.25% from 3% previously

  • By the end of 2018

Citing

  • Very sturdy global growth
  • Their strengthening conviction that the Federal Reserve will hike "the funds rate in quarterly steps in 2018 and 2019"

Snippets from a note by Goldman Sachs economists

More:

In the note they also raised their end-2018 10-year yield forecasts for German bonds, UK gilts and JGBs

  • Bund 1.0%
  • Gilts 2%
  • JGBs 0.1%

On the USD:

They see it lower over the coming year

  • Citing stronger growth outside the US and more room for other currencies to gain