Goldman Called The Bond Rally. Here’s What The Bank Says Now

There's room for US Treasury yields to fall further, but the floor's higher now than it was over the summer. That's according to Goldman's Praveen Korapaty, who predicted the nascent bond rally. The outsized decline in long-end yields witnessed over three sessions last week is the talk of the proverbial town. "The move appears to confirm our view that bonds were oversold," Korapaty remarked, modestly. He attributed the rally to a trio of factors which every regular reader can hopefully recite