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.
