Our October 2023 report looks at why long-term rates are rising, including investor expectations, the deficit, and more. | | Why Are Long Duration Interest Rates Rising? | | | | In the first half of 2023, stocks enjoyed a strong, sustained rally. The Fed hiked interest rates but at a slower pace. Jobs growth and consumer spending were solid, inflation was trending down, and the economy was growing. Then, in August and September, long-duration rates started rising quickly—with the yield on 10-year U.S. Treasury bonds going up 61 basis points. Meanwhile, the S&P 500 index fell -6.3%. In our free October 2023 Zacks Market Strategy Report 1, we look at what is driving this largely unexpected jump in interest rates, as well as a sneak peek at the Q3 earnings season. Get your report now to read about: | | | - The "Higher-for-Longer" Interest Rate Conundrum
- How U.S. Government Deficits Factor into the Interest Rate Outlook
- A Positive Start, and High Expectations, for Q3 Earnings Season
- Bottom Line for Investors
If you have $500,000 or more to invest, request this report today. | | | | | Talk to a Zacks Wealth Advisor today. | | |
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