December 22, 2017 / 2:02 PM / 3 months ago

Goldman bearish on U.S. Treasuries market in 2018

NEW YORK (Reuters) - Goldman Sachs analysts said on Friday they are bearish on the $14.2 trillion U.S. government bond market in 2018, prompted by their expectations that the Federal Reserve would raise U.S. interest rates above what the market has priced in.

FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed company Goldman Sachs (GS) is seen on the clothing of a trader working at the Goldman Sachs stall on the floor of the New York Stock Exchange, United States April 16, 2012. REUTERS/Brendan McDermid/File Photo

The analysts wrote in a research note that the yield on benchmark 10-year Treasury notes would reach 3 percent by the end of next year. This compared with 2.483 percent early Friday, which was slightly below a nine-month peak of 2.504 percent set on Thursday, Reuters data showed.

Reporting by Richard LeongEditing by Chizu Nomiyama

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