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Global Climate Opportunities 3Q23 Commentary

October 18, 2023
Investor Letters

Global Climate Opportunities 3Q23 Commentary

Global Climate Opportunities 3Q23 Commentary

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There was a significant move in U.S. interest rates this quarter, with the 10-year Treasury yield up from 3.75% in July to near 4.60% by October, its highest level since 2007. Signs pointing to “higher-for longer” interest rates in 3Q led to an aggressive repricing of rate sensitive assets. The only asset classes in positive territory this quarter were cash equivalents and high yield bonds.

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You can learn more about our global outlook and portfolio positioning by accessing our 3Q23 quarterly commentary by filling out the form below.
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