When rates stop helping stocksFor most of the past two years, markets could tolerate higher yields because they reflected stronger growth. That relationship is now changing. A sharp repricing in rates, sticky inflation pressures, and shifting cross-asset correlations suggest investors are becoming more worried about inflation than recession. Higher for longer is back as a theme, just not the way Miss Market used to like it...Rich funding spread
The Return of “Higher for Longer”
From SOFR pricing to collapsing stock-bond correlations, markets are repricing for a world where inflation risk matters again.











