UK government bond yields have risen amid investor concern about the government’s fiscal outlook and sticky inflation. Even so, Goldman Sachs Research projects the country’s borrowing costs will decline by the end of the year as the Bank of England cuts its policy rate. “We still think the UK data will justify more cuts than the market is pricing,” says George Cole, head of European rates strategy…

   Solid economic growth and the prospect of falling interest rates provide a backdrop for further gains in global equities. But soaring valuations over the past two years, particularly in the US, leave global stocks in a vulnerable position, according to Goldman Sachs Research. By the end of last year, the S&P 500 clocked one of its strongest two-year periods of returns for the index since 1928. Much…

   The world is going gray. As the population ages, the shift will have a profound impact on government tax revenue and policymaking as well as investment opportunities, according to Goldman Sachs Research. The global population is forecast to rise by about 20% by 2050, and seniors will make up a disproportionate share of overall growth. The number of people over age 65 is expected to double from…