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- rep_291_13525_1643120706549. pptx - Putnam Investments
PERFORMANCE During the second quarter of 2024, Putnam Stable Value Fund posted positive absolute returns but as expected, underperformed its benchmark (the ICE BofA U S 3-Month Treasury Bill Index) given the continued inversion of the yield curve We expect this inversion to persist until the Fed pivots to a rate cutting regime and money market rates fall in response
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