FYI: Despite anxiety over an ever-lengthening credit cycle, contentious trade negotiations, and tightening monetary policy, U.S. fixed-income markets remained resilient over the summer. The Bloomberg Barclays U.S. Aggregate Bond Index delivered a meager 0.02% return in the third quarter. The most rate-sensitive sectors suffered modest losses as yields pushed higher, with the index’s U.S. Treasury and mortgage components each losing 0.59% and 0.12%, respectively, over that period. Investment-grade credit provided a countering lift by generating 0.97% following two quarters of losses.
Regards,
Ted
https://www.morningstar.com/articles/884910/fixedincome-funds-remained-resilient-in-third-quar.html
