Treasury yields fall afresh as Goldman Sachs sees Fed cutting rates in March

Bond yields slid to fresh multi-month lows as investors continued to price in the Federal Reserve’s unexpectedly dovish pivot on Wednesday. The 10-year Treasury yield, which in October was trading just above 5%, fell at one point early Thursday to 3.93%, its lowest since July, as investors continued to absorb projections and comments by the Federal Reserve. The U.S. central bank on Wednesday left interest rates unchanged at a range of 5.25% to 5.50%, as expected, but surprised the market by suggesting it was done raising borrowing costs and would...