Market Outlook · March 31, 2021

An Update on Interest Rates: They're Up!

Joseph Mirsky

SVP, Head of Fixed Income


The Federal Reserve took extraordinary action last year to address the clouds of the pandemic and its effects on the economy. Interest rates fell to historic lows and unemployment rose to historic highs. In this piece, we look to highlight a number of key themes and provide insight into rising rates and the fixed income ballast of a diversified portfolio in this environment.

Some key themes are:

  • What's changed?
  • Year-to-date returns
  • Economic growth
  • Fixed income's role
  • Path ahead

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