As Yields Fall, Rate-Sensitive Investments Perk Up
April 12, 2017 at 15:00 PM EDT
By Horizon Investments The U.S economy in March added far fewer new jobs than in the previous month—just 98,000, versus 219,000 in February—while the unemployment rate fell to 4.5%, its lowest level in approximately 10 years. Bond yields fell on the news. Lower interest rates last week benefited a...