Fixed income - market update March 2021

For the month ended February 28, 2021, the Bloomberg Barclays U.S. Aggregate Bond Index returned -1.44%. Year to date, the index has returned -2.15%. U.S. Treasuries returned -1.81% during the month as the yield on the 10-year U.S. Treasury rose to 1.40% at the end of February from 1.07% at the end of January. For the month, long Treasuries (-5.57%) underperformed intermediate Treasuries (-0.84%.)