Active bond management does not mean “day-trading.” Nor does it mean buying and holding to maturity. Active bond management means being constantly apprised of where the markets are and seeking to take advantage of opportunities to add value. It is vigilance. We seek to add value in both the purchase and the sale of… Read more »
The Macro View
Performance Snapshot: While equities have been strong through August, so too have bonds. In fact, all domestic fixed income sectors have outperformed the S&P 500 since 10/1/2018. Sector Summary: US Treasuries: Mounting equity market volatility in August directed investors to the safety of Treasuries, with prices increasing and yields declining across… Read more »
PERFORMANCE SNAPSHOT While equities have been strong through July, so too have bonds. In fact, all domestic fixed income sectors outperformed the S&P 500 since 10/1/2018. Sector Summary: US Treasuries: The Treasury yield curve flattened, with shorter-term rates rising sharply as the market digested the Fed projections on future rate cuts with continued weak… Read more »
PERFORMANCE SNAPSHOT Note: While equities have been strong, so have bonds. In fact, all domestic fixed income sectors have outperformed the S&P 500 since 10/1/2018 US Treasuries: An equity market rebound in June did not prevent Treasuries from posting another strong month. Yields declined across the curve, with the benchmark 10- year yield reaching a… Read more »
US Treasuries – Trade war fears dominated the headlines in May, and equity market volatility re-emerged. This was good news for Treasuries, which posted a strong, positive month. Yields declined across the curve, with the 10-year yield reaching a 2019 low of 2.12% at the end of the month. Federal Reserve Chairman Powell indicated that… Read more »