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Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs

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Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs

Global hedge funds last week sold food, beverage and tobacco company stocks at the fastest pace in 11 weeks, a Goldman Sachs note said, as these stocks, viewed as a proxy for bonds, could not match the recent surge in U.S. Treasury yields.

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Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs

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Hedge funds short food, beverage and tobacco stocks amid soaring bond yields -Goldman Sachs

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