Fixed income volatility continued in May as markets continued repricing expectations for the timing of Fed rate cuts in 2024. Interest rates moved lower during the month which was supportive of U.S. Core Bonds.
High yield corporate bonds also posted positive returns as spreads remain persistently tight.
A weakening U.S. Dollar supported foreign bonds amid rising rates outside of the U.S. Click the button below to read our May 2024 Market Recap.
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