2024-02-12 14:35:00 ET
Summary
- Modest gains in some corners of fixed income contrast with sharp losses elsewhere for year-to-date results with the broadly defined US bond market.
- Vanguard Total Bond market Index Fund ETF Shares, which tracks a benchmark that's widely followed as a proxy for the broad fixed income space, has shed 1.3% year to date.
- The steepest loss for the bond market year to date is in iShares 20+ Year Treasury Bond ETF, which is down 4.8% in 2024.
- The resilient US economy is raising new doubts about how soon the Fed will start cutting rates. A cut in March is now off the table, according to Fed Funds futures.
Modest gains in some corners of fixed income contrast with sharp losses elsewhere for year-to-date results with the broadly defined US bond market, based on a set of ETFs through Friday's close (Feb. 9)....
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Mixed Start For U.S. Bonds So Far In 2024