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Bond investors, don t get fooled: this rebound is just a bear-market rally

Lansing Street Advisors Q3 2023 Letter

Lansing Street Advisors Q3 2023 Letter
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Has the US Bond Market Bottomed Out?

The last couple of years have witnessed a historically bearish US bond market, with values falling sharply. Bond yields, which skyrocketed in mid-October, have drawn back, indicating that the worst may be over. Bond prices will be significantly influenced by directions in inflation, the Fed’s rate management and the federal budget deficit.

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