FYI: After a banner year for the investment-grade U.S. bond market in 2014, 2015 yielded decidedly anemic results. Through Dec. 21, 2015, the Barclays U.S. Aggregate Bond Index had gained just 0.80% for the year to date. That flat return obscured a fair amount of volatility in the broader bond markets, however, and many Morningstar Categories fared far worse. Notably, the high-yield bond category, down 4.9% for the year to date, was on pace to suffer its first annual loss since 2008.
Regards,
Ted
http://news.morningstar.com/articlenet/article.aspx?id=734483
