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

March 1, 2021


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.

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