Fixed income market update - September 2021

For the month ended August 31, 2021, the Bloomberg Barclays U.S. Aggregate Bond Index returned -0.19%. Year to date, the index has returned -0.69%. U.S. Treasuries returned -1.43% during the month as the yield on the 10-year U.S. Treasury rose to 1.31% at the end of August from 1.22% at the end of July. For the month, long Treasuries (-0.21%) underperformed intermediate Treasuries (-0.17%.)