Archive for August, 2012

August 2012

August 31, 2012  |   Monthly Commentary   |     |   0 Comment

The heightened volatility in the fixed income market that first developed in mid-July continued into August, as investor continued to grapple with mixed economic signals and nervousness out of the Federal Reserve. The 30-year Treasury bond began the month with a yield-to-maturity of 2.54%, which rose to 2.95% mid-month before falling back to 2.67% at month end. That equates to a more than six percent price loss and a subsequent recovery of nearly five percent. ...