INSIGHTS & NEWS
Q3 2023 BIM Review
3Q23 | EQUITY AND BOND MARKETS DECLINE AS LONG END OF THE YIELD CURVE RISES
| INVESTMENT ENVIRONMENT | EQUITY MARKETS | FIXED INCOME MARKETS |
| A higher-for-longer yield mindset dominated market psyche as the quarter drew to a close, despite inflation indicators stabilizing. | Rising rates take a toll on growth stocks and companies with high debt levels. Quality of business is key for yield stocks to perform in current backdrop. | Markets quickly adjust to central banks’ message that future hikes remain a distinct possibility if supported by upcoming data. |
