Goldman: Something strange is happening with the US economy that could cause interest rates to jump
May 14, 2018 at 13:32 PM EDT
America's budget deficit and unemployment rate are heading in opposite direction — something that's never happened during post World War II peacetime and could cause a significant jump in interest rates. Goldman Sachs projects the 10-year Treasury note will be yielding 3.6 percent by the end of 2019, up from a shade below 3 percent where it's trading now.
