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GCC/MENA Bond Market Update: Stress in financial sectors as we seem to enter a peak rate environment

Fixed income markets remained volatile in July. A cautious US Federal Reserve (Fed) raised interest rates by 25 basis points (bps), pushing the cost of borrowing to a range of 5.25% to 5.5%, the highest level in 22 years, and Fed chair Jay Powell suggested there could be further hikes ...

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Franklin Templeton