Credit Market Insights: A Decidedly Negative Quarter for Fixed-Income Markets
Rising rates and widening credit spreads took their toll in the first quarter of 2018.
Rising rates and widening credit spreads took their toll in the first quarter of 2018.
Performance in the fixed-income markets has been decidedly negative across the board in the first quarter of 2018 as the impact from rising interest rates and widening credit spreads have taken their toll. Morningstar’s Core Bond Index, our broadest measure of the fixed-income universe, declined 2% in the first quarter through March 22, driven by the increase in interest rates across the entire yield curve, as well as widening corporate credit spreads.