Allspring Core Bond Fund Q4 2024 Commentary

2025-02-21 19:30:00 ET

Summary

• The Bloomberg U.S. Aggregate Bond Index fell 3.06% for the fourth quarter of 2024.
• The U.S. economy continues to grow around its longer-term trend rate entering 2025, though there are signs that momentum is slowing.
• Security selection in credit was a positive contributor to performance in the quarter, led by positioning across the communications, technology, and U.S. banks subsectors.

Quarterly review

The Bloomberg U.S. Aggregate Bond Index fell 3.06% for the fourth quarter of 2024. U.S. Treasury yields across the curve were significantly higher as the market continued to push back rate-cut expectations and ultimately move to price in a higher neutral rate....

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