Income Report Card

Category: Quant Insight

The 20-year Treasury increased slightly to 2.38% but it was a fairly volatile week of trading for interest sensitive assets. There has been a notable change to the income report card with High Yield Corporate Bonds slipping from an A to B and cash moving up to an A. The yield on cash and cash like assets has been creeping up, helped in large part by the recent strong jobs report. We believe the market is still quite strong for risk assets like stock and bonds, but keep cash in mind should we see an increase in market volatility.

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