FYI: Bond mutual funds got crushed in October as interest rates shot up on swelling investor expectations of a December Federal Reserve rate hike and a sentiment that global central banks are starting to wind down their long-standing monetary easing policies.
The 10-, five- and one-year U.S. Treasury note yields soared to 1.84%, 1.31% and 0.66% at the end of October, respectively, levels not seen since May. The yield curve steepened.
Regards,
Ted
http://www.investors.com/etfs-and-funds/mutual-funds/bond-funds-fall-as-interest-rates-dont-wait-for-fed-hike/
