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Higher-for-longer may be here to stay, and what that means for client portfolios

Any hopes Asian markets had for a quieter, gentler 2024 just got dashed by Moody’s Investors Service. On Nov. 10, the last major credit rating agency to grade Washington AAA signalled a downgrade may be imminent. The risk is rising as the US national debt tops US$33 trillion and political polarisation reaches a fever pitch. And this latest shoe could…

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