The Year in Bond Funds
The year 2015 was a disappointing one for most bond-fund investors.
After a banner year for the investment-grade U.S. bond market in 2014, 2015 yielded decidedly anemic results. Through Dec. 21, 2015, the Barclays U.S. Aggregate Bond Index had gained just 0.80% for the year to date. That flat return obscured a fair amount of volatility in the broader bond markets, however, and many Morningstar Categories fared far worse. Notably, the high-yield bond category, down 4.9% for the year to date, was on pace to suffer its first annual loss since 2008.
With that in mind, we take a look at the biggest bond fund stories of 2015.
Sarah Bush has a position in the following securities mentioned above: PTTRX. Find out about Morningstar’s editorial policies.