Fixed income investment in the US market saw a clear recovery this year from the volatility of 2022, with many saying they expect to see it on firmer footing in 2024. But will this be as easy as relying on higher interest rates to provide higher yield?
In the US, a few categories saw poor results in the first half of this year; “for the year to date through June, investors have piled $90 billion into intermediate core bond and intermediate core-plus bond,” said Morningstar. It added that, as interest rates increased during the subsequent quarters, these categories fared poorly.
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