[Goldman Sachs predicts that the 10-year U.S. Treasury yield will fall to 4.6% in 2027] On November 13, Goldman Sachs Group said that due to expectations that the attractiveness of U.S. debt as a hedging tool will increase and inflation will be moderate, the 10-year U.S. Treasury yield is expected to fall to 4.6% by the end of 2027, which is lower than the market consensus. U.S. debt is now "cheap" and yields are attractive, strategists including London-based Kamakshya Trivedi wrote in a note. But rising yields are causing "stress" and suggest high yield levels may not be sustainable, they added. According to the average forecast compiled by a Bloomberg survey, the 10-year U.S. Treasury yield will be 4.82% by the end of 2027; the yield was at 5.12% on Friday. "The case for allocating to duration has become more positive," the analysts wrote. "While energy price spikes remain a near-term risk, we remain more bullish on bond allocations going forward — even after the recent rally, in part because of this hedging value."