Online reported that Goldman Sachs lowered its forecast for U.S. Treasury yields, pointing out that the possibility of the Federal Reserve cutting interest rates earlier than previously expected increased. Strategists, including George Cole, wrote in a July 3 report that they expected yields on two-year and 10-year U.S. Treasury bonds to fall to 3.45% and 4.20% respectively, after previously predicting that the two benchmark yields would end the year at 3.85% and 4.50% respectively. The move comes after Goldman Sachs economists this week revised their expectations for the Federal Reserve to cut interest rates during the year. The latest forecast from Goldman Sachs 'economic team follows strong U.S. employment data released on Thursday, easing pressure on the Federal Reserve. But interest rate strategists at Goldman Sachs were not discouraged, pointing out that the huge contribution of government recruitment and a small decline in labor participation rates weakened the strength of the data. (Jin Shi)