Income Report Card

Category: Quant Insight

Volatility in the 10-year Treasury continued last week with a sharp swing higher in rates. The 10-year Treasury yield ended the week at 2.40% and the Bloomberg Barclays US Aggregate Bond Index has now fallen 1.43% from its peak in September. That places just 0.50% behind the drawdown in Q4 2016 which was the worst drawdown for bonds in almost 30 years. It’s important to pay attention to markets when they are not behaving like normal. We’ll discuss this more as the current trend unfolds.

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