The fixed-income and alternative investments markets reflected April’s prevailing concern of an economic slowdown. Investment-grade bond prices were firm, with the best gains occurring at the long-end of the yield curve. The 10-year T-Note finished April at a 4.2% yield, writes J.D. Steinhilber, founder of ETF newsletter and investment management firm Agile Investing.
Long-term yields have declined further in early May and have now returned to the levels that elicited the “conundrum