LONDON- Goldman Sachs has lowered its forecast on where U.S. 10-year Treasury yields will end the year to 3.10 pct from 3.25 pct previously.
This is largely down to an expected reduction in the so-called 'term premium', the premium investors demand for holding a bond beyond interest rate and inflation expectations over a period of time, Goldman analysts said in a note on Wednesday.
"However, the direction of travel is still higher yields across the G10 (countries)," they added.
The yield on 10-year Treasuries was at 2.83 percent on Wednesday.
(Reporting by Abhinav Ramnarayan Editing by Jamie McGeever) ((Abhinav.Ramnarayan@thomsonreuters.com; 0044 777 555 1499;))
