Baird Advisors Fixed Income Market Commentary for December 2009
Bonds Bounce Back (in a BIG way)
December 20, 2009
After nearly dying on the table in 2008, the bond market staged a remarkable recovery in 2009 as unprecedented Government intervention and ultra-aggressive Fed policy successfully turned investors’ paralyzing fear of risk back toward an eye for opportunity. In response to the dramatic turnaround in investor sentiment, sectors that plunged in 2008 skyrocketed in 2009.