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Goldman Cuts Yield Forecasts as Bonds Benefit From Stock Rout

Global sovereign bonds are rallying the most in August in four years amid a rout in stocks and commodities, leading Goldman Sachs Group Inc. to cut its yield forecasts.

The Bloomberg Global Developed Sovereign Bond Index has returned 3 percent this month, set for the best month since April 2011. Goldman lowered its 10-year Treasury yield estimate by a quarter...


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