Goldman: Bonds Avoid the Chaos of Other Markets
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Goldman Sachs Group Inc. says bonds are sitting out the worst of the market volatility sparked by the China-driven equity selloff.
Its view is borne out by data. For all the gyrations of the past week, benchmark German bund yields remained about 10 basis points from their one-year average. For JPMorgan Asset Management Inc., which oversees $1.7 trillion, the key variable is the inflation outlook, which is becoming more supportive and will restrict yield increases.