As we enter the second half of 2023, the economy has remained surprisingly resilient despite the massive tightening in monetary policy and higher borrowing costs.
by Laura Fox FEATURED MARKET DATA
Bonds Break Out
In November 2023, the Bloomberg Aggregate Index posted its strongest monthly total return since 1985. The 2-year Treasury yield ended the month at 4.70%, hitting its lowest level since mid-July. The 10-year Treasury yield ended the month at 4.34% after rising above 5.00% in October. A lower than-expected inflation print of 3.2% sparked a rally across Wall Street, with traders largely removing potential Federal Reserve rate hikes from their forecasts.
by Matt Orseske 