17 Jul 2020
10 July 2020 | Market Monitor
Today's environment of persistently low rates has often proved challenging for fixed income in hedging equity drawdowns. However, historical returns for intermediate duration Treasuries during equity bear markets have averaged almost 11%, providing a significant offset to risk assets especially as the correlation remains negative. Even if nominal yields dip to zero, we believe there may still be some return left to squeeze out of bonds.
Access the full PDF to use with your clients