Goldman Sachs: Global Quest For Yield Coming To An End

Rejoice income investors, the global quest for equity yield may be coming to an end, says a recent research report from Goldman Sachs. And in this environment investors should stay long emerging market crude importers and the euro/U.S. dollar currency pair.

Goldman Sachs: easy central bank policy has made risk assets vulnerable to sharp rises in interest rates

If it were not for the recent bond market sell-off, yields would have remained at or close to their quarter-century lows, noted Goldman Sachs researchers Christian Mueller­-Glissmann and Aleksandar Timcenko.

The low yields, brought on by an “easy...