Effective Date: June 30, 2022
MARKET UPDATE SUMMARY
Equity markets posted strong gains this quarter as economies continued their post pandemic recovery. Interest rates reached a short-term peak in March with the US 10-year Treasury yielding 1.8% Since that time, interest rates declined modestly, and bond prices gained. The aggregate bond index gained 1.8% during the quarter. The US 10 Year Treasury bond currently yields 1.5% compared to 1.7% on March 31, 2021. No changes are recommended to your portfolio at this time.