Featured Market Data
Longer Treasuries Outperforming Money Market Returns
Monthly returns for the 3-Month Treasury Bill, often a benchmark for money market returns, have slowly declined over the past year as the Federal Reserve cut short-term interest rates. Meanwhile, evolving economic conditions have created volatility in longer term Treasury yields and returns. Though monthly returns have been more volatile, the ICE BofA 1-5 Year US Treasury index returned 5.50% over the 12 months ending March 31, 2025. Longer, more diversified bond indices such as the Bloomberg Intermediate US Aggregate have generated even stronger returns (+5.58%) over the past year. These longer-term bond indices exceeded the 1-year return of 4.97% for the 3-Month Treasury Bill Index.
Source: Bloomberg, FactSet
