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TBLD - Thornburg Income & U.S. Government Bonds Q1 2025 Commentary
Thornburg Income Builder Opportunities Trust
2025-06-06 09:20:00 ET
Market Review
The first quarter of 2025 was characterized by significant volatility and complexity across global financial markets that was not driven by a singular trend but was a tug-of-war between multiple forces. Aggressive fiscal measures, particularly new tariffs, injected uncertainty and inflationary pressures, initially steepening the yield curve....