Long Duration / Long Credit Fixed IncomePrint

2018 1Q

The Bloomberg Barclays Long Credit Index widened 9 basis points in the first quarter of 2018 and underperformed similar-duration Treasuries. The Long Credit Index finished 37 basis points higher quarter-over-quarter and the Long Corporate Index closed up 38 basis points with both indices yielding 4.40%. Within the corporate industry groups, Industrials performed best with the Wireline sector driving the outperformance. Non-Corporate credit outperformed as Taxable Municipals benefitted from a lack of supply and Sovereign and Quasi Sovereign names rebounded from a poor fourth quarter.

» Download File (PDF | 859.49 KB)