Goldman Sachs says that 10 year bonds are now less appealing than cash

In a new note, Goldman Sach's investment research team suggests that trackers are weighting 10 year government bonds too highly, and should now prefer cash.

For the best returns, equities are set to deliver 13 per cent in the next 12 months say Goldman. That's a far higher rate of return than the two per cent they're expect to deliver in the next three.