Nov. 9 - The credit markets saw mixed results during the month with yields rising in most sectors.
The 10yr U.S. Treasury yield rose to a 3.41% yield by end of the month, ending 10 basis points lower than month end September and just about even to where it began the quarter. The 10 yr Treasury yield is about 95 basis points cheaper than the start of the year. Beyond the U.S., demand for debt of developed nations has impacted the S&P/Citigroup International Treasury Bond Index which has recorded a positive total return for the month and an 8.98% return for the year-to-date. Bonds in China recovered from the earlier summer downturn in the market. The S&P China Government bond indices have showed positive returns three months in a row bringing the index into positive return territory for the year.
