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Byline: MURRAY COLEMAN
Though tossed around by hopes and fears over the economy, most bond funds gained ground in March and the first quarter.
Emerging market debt funds turned in the best score, gaining 2.45% through March 31, according to preliminary Lipper Inc. results.
Interest-rate sensitive intermediate Treasury funds finished the month with a 1.33% gain.
Long-term Treasury funds rose 0.96% in March. "The longer-term maturity bonds are much more sensitive to inflation concerns," said Mark Kiesel, manager of the $31 million Pimco Investment Grade Corporate Bond Fund.
"The market's still concerned about inflation somewhere down the road."
Short-term Treasury funds gained just 0.27% in March. "The Fed's keeping short-term rates low, which is forcing investors to take on more risk for higher returns," said Kiesel.