Featured Market Data
Strong Bond Returns
Third quarter bond returns were the strongest since the 4th quarter of 2023. Bond yields declined during the quarter as Fedspeak leaned dovish with the Fed refocusing attention on risks to the labor market. In September, the Fed completed its pivot with a more aggressive than expected 50 basis point rate cut. While bond returns have been bumpy over the past two years, the Intermediate Aggregate bond index generated returns over 5% in 2023 and the index generated a return of 4.64% through the first three quarters of 2024. Staying fully invested, recognizing the challenges of timing the market, allows investors to maximize returns through market cycles.
