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Bristlecone Blog

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Third Quarter Review: "Higher for Longer" Thumbnail

Third Quarter Review: "Higher for Longer"

This increased deficit and a resilient job market made investors worry that the Fed would continue raising rates or, at the very least, hold them “higher for longer.” The result was a “bear steepening” of the yield curve, whereby the last few months saw a continuation of the defining trend of the past 1-2 years: a relentless rise in interest rates.

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