Bond Fund Prices Fall For The Second Straight Quarter
Jul. 09, 2018 1:56 AM ETTLT, TBT, TIP, LQD, MUB, TMV, IEF, EMB, NVG, RINF, SHY, NEA, PCY, EDF, TBF, IIM, HYD, EDV, TMF, NUV, NAD, PML, NZF, EDI, TEI, NMZ, PMF, MAV, EMLC, EDD, VWOB, VMO, EMD, VTIP, LEO, TTT, EVN, KTF, MHI, ELD, PMX, AFB, BFK, VGM, ZROZ, CORP, DSM, NXP, PST, BKN, EIM, SCHP, MSD, PZA, VGLT, XMPT, IQI, BLE, VKI, IEI, HYMB, PMM, VKQ, MVF, MVT, TLH, TFI, MYD, MYI, MUA, PMO, PLW, OIA, WIP, MEN, VTEB, EXD, MMU, BIL, BYM, WIW, VGSH, VGIT, UST, BBK, DMF, CXE, GHI, UBT, CMU, KSM, MFM, MUE, DTYS, GOVT, MFL, TYO, SHV, BAF, STIP, MHD, SPTL, BBF, DMB, SCHO, MQY, SPIP, WIA, MYF, GSY, CSI, DLBS, EIV, SCHR, USIG, SHYD, MUH, NUW, NXQ, LEMB, STPZ, DTF, BSD, MHF, LTPZ, VUSTX, EOT, TIPZ, STPP, MNP, MUS, FLAT, FMN, SBW, TBX, VFL, EBND, MQT, PRB, EMAG, ILB, TYD, NMI, MFT, MZF, NXR, NIM, CXH, SPTS, SPTI, DTYL, EGF, TYBS, DLBL-OLD, QLTA, RISE, TAPR, DTUS, RVNU, FCOR, FTT, EMSH, TFLO, TIPX, FMB, TDTF, TDTT, PVI, SPBO, DTUL, TUZ, USFR, FIBR, GBIL, HYDD, DFVL, EMTL, TYNS, DFVS, FEMB, ESEB, VTC, EMBU, IBD, ESCR, EMBH, IGEB, IGEM, MLQD, WFIG, FLMB, PBND, CLTL, CWAI, FLDR, IBDS, JEMD, PBTP, USTB, VRIG1 Like
Pat Keon, CFA
194 Followers
Summary
- World income funds (-4.65%) turned in the worst performance among the Thomson Reuters Lipper macro groups because of the U.S. dollar’s gaining strength.
- The general domestic taxable fixed income funds macro-group gained 0.07%, led higher by High Yield Funds (+0.51%) and Loan Participation Funds (+0.45%).
- Municipal debt funds posted a return of 0.88% on average, with both national muni debt funds (+0.95%) and single-state muni debt funds (+0.82%) contributing to the increase.
- Investment-grade corporate debt funds (-0.12%) were in the red for the quarter as the longer-term maturity peergroups were negatively impacted by interest-rate risk.
- Government/Treasury funds recorded an increase (+0.31%) for Q2, paced by the Inflation-Protected Bond Funds (+0.59%) peer group.
This article was written by
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Pat Keon is a senior research analyst at Lipper specializing in U.S fund classifications and portfolio analytics. Pat joined the firm in 2005 and has worked in the research and portfolio groups during his tenure. Pat has earned an MBA from Regis University (Denver, CO) and a Bachelor's from Iona College (New Rochelle, NY).