Bonds continued their march higher as Treasury yields gapped lower on European growth concerns, spurred by the surprise Brexit vote for the United Kingdom to leave the E.U. The broad- based bond market ended the quarter on a very strong note as investors flocked to safe-haven assets. The Barclays Aggregate Index finished 2.21% higher for the quarter, driving a 5.31% year-to-date gain. Low and even negative rates abroad have pushed investors head first into the U.S. markets and nowhere is this more apparent than in the Treasury sector. Longer-dated Treasury holdings have done particularly well with the 20+ year component of the index up an astonishing 15.8% for the year. The net result of this action is a yield curve that is both low and flat, not something that signals strong growth or confidence.