Here's your summary from Rising Bonds Yields to Weigh on All Asset Classes. Goldman's Oppenheimer Says (https://www.youtube.com/watch?v=SWEyj-CkObI) on the Bloomberg Television channel:

**TLDR:** Rising bond yields are expected to have a negative impact on all asset classes due to the shift in correlation between equity prices and bond yields.

1. Equities and bonds have had a positive correlation in the past, but rising bond yields are now expected to weigh on all asset classes.

2. The speed of adjustment to rising yields will impact equities, with faster rises having a bigger impact.

3. Government deficits are rising, leading to higher and longer-term interest rates that will affect all asset classes.

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