MRB on Yahoo! Finance – August 24, 2023
The U.S. economy is less interest rate-sensitive than it was in the past, said Phillip Colmar, global strategist at MRB Partners in New York. “This has been a year in transition where people had expected recession. They’ve been wrong-footed on that call,” he said. “We expected bond yields would break higher and hit new highs, which they have.”