FYI: isk-off taxable and tax-exempt municipal bond funds once again rocked in February. Most Treasury and government bond mutual funds posted strong advances, along with investment-grade corporate bond funds.
The top-performing funds in fixed income were general U.S. Treasury funds, which jumped 1.66% during the month, according to Lipper Inc. preliminary data. General U.S. government funds also did well with a 0.59% advance. Each are up 5.31% and 2.31% year to date, respectively. The S&P 500 ended the volatile month down 0.13%, while U.S. diversified stock funds fell 0.15%.
Regards,
Ted
http://www.investors.com/etfs-and-funds/mutual-funds/treasury-bond-funds-led-corporates-in-a-risk-off-february/
