Fixed income market update - July 2021

For the quarter ended June 30, 2021, the Bloomberg Barclays U.S. Aggregate Bond Index returned 1.83%. Year to date, the index has returned -1.60%. U.S. Treasuries returned 1.75% during the quarter as the yield on the 10-year U.S. Treasury declined to 1.47% from 1.74% at the end of March. For the quarter, long Treasuries (+6.46%) outperformed intermediate Treasuries (+0.62%.)