A key rate for banks has jumped to the highest since the financial crisis, but Goldman Sachs isn't worried

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  • A rise in short-term borrowing costs has hurt companies that carry high levels of floating rate debt.
  • Goldman Sachs strategists say that while these stocks are underperforming now, once the rate landscape reverts, they could present good buying opportunities.
  • Among the firms are Stanley Black & Decker, Colgate-Palmolive and Campbell Soup.

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