Issue 35 – The Time is Now Ripe to Buy Dividends

In the 4 months ended October 6, 2023, yields on 10-year Treasury notes rose 100 bps to 4.80%. Remarkably, this huge and rapid increase did not result from higher inflation expectations, better economic prospects or tighter monetary conditions than those which prevailed back then: credit spreads have hardly changed.

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By Hubert Marleau

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