The bond market in 2017 was characterized by rising short-term interest rates as the Federal Reserve implemented multiple hikes, yet long-term bonds unexpectedly outperformed short-term counterparts. Investment-grade and high-yield corporate bonds both saw strong returns of 6.4% and 7.5%, respectively, supported by tightening credit spreads.
: The Fed raised short-term rates in March and June, with a third hike in December, bringing the target range to 1.25%–1.50%. bonds to buy 2017
: Identified by Morningstar as a top-performing fund for 2017, focusing on higher-yielding opportunities. 2017 Market Highlights & Trends The bond market in 2017 was characterized by
: A top choice for high-bracket investors, providing municipal bond exposure with an average credit quality of double-A. with a third hike in December