Goldman says that investors shouldn’t worry about interest rates at these levels


Traders on floor of the New York Stock Exchange.

Source: New York Stock Exchange

Rising bond yields that shook investors the last couple weeks are well short of anything that poses a broader threat to the market, according to Goldman Sachs strategists.

Longer-duration government bond yields have hit levels last seen before the Covid-19 pandemic declaration in March 2020. The rise has triggered worries that faster economic growth could generate inflation and pose a threat at a time when the S&P 500 is at valuation levels not seen since the dotcom bubble.

The S&P 500 fell 2.45% last week amid an increasingly volatile market environment.

However, Goldman insists that while rates indeed have…


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