My baseline forecast has been that interest rates will stay “higher for longer.” Money markets are coming around to that view with interest rates now pricing in a 4.82% Fed Funds rate at year end, a sharp jump from 4.2% two weeks ago and 3.7% after the regional bank blowup. The two-year Treasury yield was back up to 4.31% yesterday as well, its highes…
Higher For Longer
The Credit Strategist Blog
