Despite the persistence of low yields across the fixed-income market, investors continued to plough money into the asset class last month pushing up prices in a reach for yield at any cost.

According to Credit Suisse’s Monthly Global Fixed Income Index Performance report, all fixed income indexes reported gains for the month of July extending year-to-date gains further. The US Government Index rose 0.41% in total returns last month taking year-to-date returns to 5.78%. Shorter tenor returns, specifically the 7 to 10 tenor bucket and 5 to 7 tenor bucket gained 0 . . .

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