Archive for December, 2010

December 2010

December 31, 2010  |   Monthly Commentary   |     |   0 Comment

Fixed Income Market Recap Despite ongoing open-market Government bond purchases by the Federal Reserve, investment grade bond prices declined in December. The most intense selling pressure occurring in the first half of the month, as the market continued to be buffeted by the selling pressure that commenced in November. The principal driver was a much better than expected holiday selling season and the positive spillover effect that surprise had on the broader economy. As was ...