Goldman Sachs: Treasury Yields Will Hit 4%

From cnbc.com

A rise in 10-year Treasury yields above 2.7 percent on Friday for the first time since August 2011 is just the start of a long-term upward trend, Goldman Sachs said, with the investment bank forecasting yields will now enter 2014 at 2.75 - 3 percent and will climb to 4 percent by 2016. Yields moved to a near 3-year high following better-than-expected payrolls number on Friday on expectations that the positive data will prompt the Federal Reserve to start scaling back bond purchases. "Factors driving yields higher include the improving outlook for growth in the U.S. (and partly also in Europe), a decline in ... (full story)