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Jul 08 2021

Reflation Trade—Still Has The Benefit Of The Doubt

  • Jul 8, 2021

The Fed surprised the market with a hawkish projection of two rate hikes in 2023. Real yields did not move up as they typically do with such an episode. Overall, the damage was limited to the reflation trade, and the risk-rally is intact.


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About The Author

Chun Wang / Sr. Research Analyst & Co-Portfolio Manager