2018 Quarter 1 Review: Individual Taxable Bond Strategy
Key US fixed income indexes declined during the quarter, as interest rates rose, credit spreads widened and bond yields hit four-year highs across the maturity spectrum. The US Federal Reserve (Fed) raised its benchmark interest rate to 1.50%-1.75% at the March Federal Open Market Committee (FOMC) and reiterated its projection for two more rate hikes in 2018. Fed Chair Powell downplayed concerns about accelerating inflation.
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