Private credit, meet higher-for-longer
FINDING opportunities over the past 18 months has been anything but easy.
High inflation had the United States Federal Reserve hiking interest rates at its quickest pace in decades, and transitioning from quantitative easing (QE) to quantitative tightening (QT).
Uncertainty about future rate hikes, economic growth and consumer strength turned the 10-year term premium positive. Ten-year yields reached new highs amid some of the most volatile swings in its recent history.
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