July 27th, 2017

By Mark R. Anderson, CFA

Bonds rallied sharply this quarter as investors continue to place yield into their portfolios. While this unrelenting buying made for a rather uneventful quarter from a spread volatility standpoint, it certainly bolstered fixed income returns. The Bloomberg Barclays Aggregate Index gained 1.45% despite another Federal Reserve interest rate hike and record equity prices.

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