“Following the “Forgettable February” theme, “Miserable March” was not a pretty month for bond returns, but the future income component on new bond investments will be more appealing as a result. Yields rose considerably during the month — by 90 basis points (bps) on the two-year Treasury, 50bps on the ten-year note, and 29 on the thirty-year bond. Total return results for the Bloomberg Intermediate U.S. Aggregate Bond Index and the Bloomberg Municipal Bond Index were -2.51% and -3.24%, respectively.” Continue reading…
TC126474(0422)1