Goldman Sachs Urges Caution on Long-Term Bonds as Volatility May Rise

This is a notable case of a major bank separating strategic logic from tactical timing: the selloff has made bonds cheaper, but the strategists still flag rising volatility as a reason to avoid long duration now. The message lands with asset allocators who treat higher yields as an automatic entry signal, and it implicitly warns that yield alone is not a sufficient condition. Whether volatility actually picks up, and whether the yield peak holds, is the open question for anyone weighing duration risk.