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The fixed income market has performed well this year as the bull market carried over to bonds. Low interest rates combined with a hawkish Federal Reserve have caused huge market value appreciation on longer duration securities. Longer duration bonds are more sensitive to interest rate decisions and with the Fed backpedaling to save the US economy it has been more lucrative to own bonds for the market value, rather than the coupon payments. 2020 will likely be a flat year for market value appreciation on bonds because the Federal Reserve has signaled no additional rate cuts or hikes…

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