- The 30-year Treasury experienced the biggest decline as of 6/25/21, dropping 29.6 bps to 2.117% for the quarter.
- The largest increase in yield was in the 3-year Treasury as of 6/25/21, which rose 11.8 bps to 0.467% as the Fed signaled a possible start to raising interest rates over the next year and a half.
- During the quarter, we continued shortening durations as long Treasury yields fell and spreads continued to tighten. We used this as an opportunity to take profits while becoming more defensive.
For further details see:
Taxable Total Return Review - Q2 2021