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"Bond Bears Have Had A Difficult 2017" Goldman Mocks Its Clients After Cutting Its Treasury Yield Target

It has been a day of capitulation for Goldman. Just hours after the bank that controls the White House cut its forecast for Trump tax hikes by nearly 50% from $1.7 trillion to $1.0 trillion, moments ago Goldman, which starts off every single year predicting that 10Y yields will rise to 3.00% (or higher) over the next 12 months - much to our recurring mocking every single year - just cut its 10Y Treasury yield forecast for the end of the year. To be fair (to those who lost money listening to its

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