From CNBC: Global stocks may have been on a wild ride of late, but the
world's biggest investment bank has told investors they should see rising U.S.
Treasury yields as positive and should continue to buy equities.
"While there are certainly risks around QE
(quantitative easing) being withdrawn we continue to view rising bond yields as
relatively benign for European equities," Goldman Sachs' European research
team said in a report released on Thursday. "Indeed provided it is better
growth that is driving yields upwards (which is what we expect) we would argue
it is supportive. We find a positive relationship between real yields in the U.S. and
European equities."
There’s more at http://www.cnbc.com/id/100775620
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