While the municipal markets saw slow and steady gains the credit markets saw ups and downs through the second quarter of 2019.
Morningstar released their Second-Quarter 2019 Fixed-Income Markets in Review, discussing the ups and downs and mixed signals from Q2:
- Trade instability played out in the market as tariffs were increased with China and threatened with Mexico
- Oil prices yo-yoed through the quarter
- Emerging markets were impacted by geopolitical pressures
and much more.
The quarter was filled with mixed signals leaving investors to their own interpretations. Continued questions across the global markets could contribute to ongoing ups and downs well into the third quarter.
You can find the full review here.