Financial markets bounced back in the second quarter of 2005 with most asset classes posting modestly positive returns. Reversing the negative returns of a dismal first quarter, bonds rebounded to positive returns for the year to date. Equities also posted positive returns in the period but still remained slightly under water for the year through June 30, 2005. Cash (money market funds) improved to a current yield of almost three percent and remains one of the better returning asset classes thus far in 2005.
What can we expect looking ahead? (more…)
