🐍   Q2 Investor Letter: The Market Vs. The Fed

Finance

With rates rising to levels not seen since the early 2000s, we have left behind the zero-interest rate environment that has dominated the past 15 years. We are now at the precipice of either a return to normality in the bond market with substantive yields and diversification versus equities restored or marking year four in a new bond bear market. Either way, bond managers face challenges uniquely different from those that preceded the last 15 years. This calls for new strategies that reimagine the implementation of fixed income portfolios.

seekingalpha.com     Jul 23, 2024