That’s certainly a way to frame it. Rates are like gravity. Altria essentially functions as short duration. If rates drop, similar equities may appear more attractive to those seeking yield, but at the same time, lower rates lowers cost of capital and increases availability broadly, so money is likely to flow to longer duration skewed toward growth
That’s certainly a way to frame it. Rates are like gravity. Altria essentially functions as short duration. If rates drop, similar equities may appear more attractive to those seeking yield, but at the same time, lower rates lowers cost of capital and increases availability broadly, so money is likely to flow to longer duration skewed toward growth
That’s certainly a way to frame it. Rates are like gravity. Altria essentially functions as short duration. If rates drop, similar equities may appear more attractive to those seeking yield, but at the same time, lower rates lowers cost of capital and increases availability broadly, so money is likely to flow to longer duration skewed toward growth