Goldman Sachs: Treasury Yields Will Hit 4%

A rise in 10-year Treasury yields above 2.7 percent on Friday for the first time since August 2011 is just the start of a long-term upward trend, Goldman Sachs said, with the investment bank forecasting yields will now enter 2014 at 2.75 - 3 percent and will climb to 4 percent by 2016.