- Interest rates spiked during the month, a sharp reversal from the third quarter. Growing concerns over the U.S. deficit and increased optimism on a
soft/no landing scenario helped drive the move higher in rates. Fixed income markets struggled as a result. - The credit markets remain resilient but were not immune to the jump in interest rates. High yield had a modestly negative return.
- Foreign bonds edged out domestic even in the face of a rising U.S. dollar.
The information contained herein is confidential and the dissemination or distribution to any other person without the prior approval of Fiducient Advisors is strictly prohibited. Information has been obtained from sources believed to be reliable, though not independently verified. Any forecasts are hypothetical and represent future expectations and not actual return volatilities and correlations will differ from forecasts. This report does not represent a specific investment recommendation. The opinions and analysis expressed herein are based on Fiducient Advisor research and professional experience and are expressed as of the date of this report. Please consult with your advisor, attorney and accountant, as appropriate, regarding specific advice. Past performance does not indicate future performance and there is risk of loss.
