© 2025 Envestnet, Inc. All rights reserved. For one-on-one use with a client's financial advisor only.
Bond Market Cycles
The US bond market rose again in
September as the Fed's interest rate
cut lifted fixed income returns. When
we look at YTD results, we find that
bonds have delivered solid gains
following a tough multi-year period
as interest rates and inflation rose
following the pandemic. Declines in
the USD have also boosted
unhedged, non-dollar-denominated
international fixed income
performance for US investors.
Source: Bloomberg; Envestnet Quantitative Research Group (QRG).
1000
1200
1400
1600
1800
2000
2200
2400
2600
09/30/2005 09/30/2010 09/30/2015 09/30/2020 09/30/2025
Bloomberg US Aggregate
20251003-4872948