The longer-term trends this year continue to favor foreign bonds, with the JP Morgan Emerging Market Bond Index higher by 4.38 percent over the past three months and the DB Global Government ex-U.S. Inflation Linked Bond Index gaining 4.6 percent over the same time period.
High-quality bonds, such as the Barclays U.S. 20+ Year Treasury Bond Index, are still higher than the S&P 500 over the past three months, gaining 3.87 percent versus 2.56 percent, respectively.
However, high-quality bonds fell to the bottom of our list for the week, with the Barclays U.S. 20+ Year Treasury Bond Index declining by 1.54 percent over the past five trading days.
This article was written byLaif Meidell, CMT, president of American Wealth Management, and portfolio manager of the AdvisorShares Meidell Tactical Advantage ETF (MATH). This commentary originally published in the Reno Gazette-Journal. Performance numbers used in this article were obtained through eSignal and are not guaranteed to be accurate.