Chart of the Day: Performance across fixed income classes during 2013

By Sober Look

Given the ongoing volatility in fixed income markets, it’s time to once again to take a look at performance. The chart below shows where we stand on a year-to-date basis for major asset classes from a USD investor’s point of view.

Note: returns vary based on specific indices used

No real surprises here, as the only positive return comes from senior corporate loans. Most of the outperformance is the result of these loans paying a floating rate coupon (LIBOR + spread), which is expected to rise with rates. Corporate debt has also benefited from the stock market rally, tight spreads, and relatively low default rates.

Comments are closed.

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More