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2min chapter
The Insight: Conversations – Credit Picker’s Market with Wayne Dahl, Robert O’Leary, and Mark Jacobs
The Memo by Howard Marks
Introduction
Wayne Dahl explores the recent changes in the yield curve and their implications for investor expectations, discussing how short interest rates have fluctuated and how market expectations for interest rates have evolved over time. Wayne indicates that the market has now embraced the notion that interest rates will remain elevated for an extended period.
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