Goldman Sachs
June 6, 2026
Global Rates Trader A Higher Floor
Rates StrategyRates Govt BondsRates CreditOther
The report highlights a shift to a higher floor for US Treasury yields following a strong labor market report. It maintains a cautious view on global rates with specific adjustments to UK Gilt forecasts and monitoring of BoJ hawkishness.
Key Takeaways
- 1.The May US labor market report has set a higher floor for US yields, prompting upward revisions to UST yield forecasts.
- 2.The ECB is expected to hike rates in June, while the Bank of Japan shows hawkish signals that may lead to front-end rate underperformance.
Table of Contents
- United States and Canada
- Europe
- Japan
- Latest Thematic Research
- Latest Global Markets Dailies
- Forecasts
- Central Bank Dashboard
- Positioning and Flows Monitor
- Carry/Rolldown Monitor
- Treasury Supply Monitor
- GS Term Premium Decomposition
- 2026 Trade Recommendations
- Global Interest Rates Strategy
- Disclosure Appendix
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Authors
George ColeWilliam MarshallSimon FreycenetIsabella RosenbergFriedrich SchaperLoic Mathys
Securities
10y UST10Y Gilt
Themes
Higher for Longer Interest RatesCentral Bank Policy Normalization
Regions
North AmericaEuropeAsia PacificUnited StatesCanadaJapan