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January loan returns top Treasuries, hi-grade, lag high yield, equities

In January, rising rates – the 10-year Treasury rate climbed 31 bps, to 2.03%, from 1.72% at year-end, according to the Federal Reserve – clipped the return of fixed-income assets. At the same time, positive sentiment lifted the performance of risk assets. In this environment, loans ran in the middle of the pack among the five asset classes LCD tracks in this report each month, ahead of 10-year Treasuries and high-grade corporate bonds but behind equities and high-yield.

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