Oct 2022

Fixed Income Positioning for the Fourth Quarter and Beyond – October 2022

Through the first three quarters of the year, shorter-duration sectors outperformed as the Treasury curve repriced higher due to a hawkish Fed steadfast on combating persistently high inflation. While shorter-duration sectors have provided some respite, 2022 has been one of the most challenging years for fixed income investors. Year-to-date (YTD) through Sept. 30, the Bloomberg US Aggregate Bond Index (“the Agg”) was down 14.6%, on pace for its worst year since its 1976 inception.