According to CNBC with yields on government bonds jumping in the past week, Goldman Sachs has warned that a widely predicted bond sell-off is finally happening, while a major
U.S. asset manager has warned
investors to move out of long-duration bonds to avoid heavy losses.
Pessimistic growth targets, a fear of the Federal Reserve curtailing asset-purchases, and uncertainty over
policies are the three key reasons that Goldman Sachs cited for the move higher
"The bond sell-off: It's for real," Goldman's fixed income analysts said in a research note released on Friday. "Our end-2013 forecast for 10-year U.S. Treasurys remains 2.5 percent, above the forwards, and we will be looking for other opportunities to trade the market from the short side…"
Read all about it at http://www.cnbc.com/id/100779340