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The Bloomberg Aggregate Bond Index, the benchmark for US fixed income, has returned 0.11% year to date through August 13th. Zoom out and the picture is similar, with the Agg roughly flat to slightly negative over five years. For an asset class investors hold for stability, that has been a frustrating run, and the natural […]
As 2023 draws to a close, let’s step back and consider what dominated headlines in the last twelve months. Though markets and the economic backdrop remained volatile, 2023 was generally a better year than its predecessor. Inflation and the Fed continued to dominate headlines, though they often shared the news cycle with political developments at […]
