“Bond yields rose substantially in August as investors interpreted numerous comments from Fed officials as bearish. All tenors in the one-to-ten-year part of the yield curve rose by 50 basis points or more. As a result, the total return for the Bloomberg U.S. Intermediate Aggregate Bond Index was -2.49% for the month.” Read the full fixed income commentary from Maple Capital (or any of their other commentaries) at https://www.maplecapital.com/fixed-income-commentary-september-2022/ .
TC129027(1022)1