Updated: Oct 18, 2018
Here's a snapshot of what has gone on in the third quarter of this year.
The US equity market posted a positive return, outperforming both non-US developed and emerging markets.
Value underperformed Growth in the US across Large and Small Cap stocks.
Small Caps underperformed Large Caps in the US.
In US dollar terms, developed markets outside the US underperformed the US, but outperformed emerging markets during the quarter.
Large Cap Value stocks underperformed Large Cap Growth stocks in non-US developed markets, however Small Cap Value outperformed Small Cap Growth.
Interest rates increased in the US during the third quarter. The yield on the 5-year Treasury note rose 21 basis points (bps), ending at 2.94%. The yield on the 10-year Treasury note increased 20 bps to 3.05%. The 30-year Treasury bond yield rose 21 bps to 3.19%.
On the short end of the yield curve, the 1-month Treasury bill yield increased 35 bps to 2.12%, while the 1-year Treasury bill yield rose 26 bps to 2.59%. The 2-year Treasury note yield finished at 2.81% after an increase of 29 bps.
Interesting Personal Finance Articles