The economic backdrop in 2019 has been characterized by weakness in manufacturing being offset by the resilience of services and health of the consumer.
Now is an opportune time for investors to reassess whether passive bond investing can deliver on their fixed income allocation objectives.
Due to interest rates and growth assets, funded status fell 3.5% this month from 91% to 87.5%.
Due to a decrease in rates, funded status fell 2.7% this month from 88.1% to 85.4%.
Funded status rose 1.9% this month due to interest rates and growth assets.
Due to hedge portfolios and growth assets, funded status fell .4% this month from 88.5% to 88.1%.
Due to growth assets and interest rates, funded status rose 1.5% this month from 85.4% to 86.9%.
Due to hedge portfolios and growth assets, funded status rose 1% this month from 87.5% to 88.5%.
This month marks the largest monthly funded status decrease since January 2016.
November marked the 10 year anniversary of the widest corporate bond spreads on record.