Fund strategies of all types in the taxable-fixed income arena posted positive gains for the first quarter in 2010 and were led by the riskiest types, according to Lipper.
General U.S. Treasury funds declined 1.58 percent for March and finished the quarter up just 0.52 percent, Lipper research shows. The group leader was emerging-markets debt, with a 4.67 percent return for the first quarter of 2010.
High current-yield funds ticked up 2.99 percent in March and posted a 4.25 percent quarterly return. And muni-debt funds were lower in March and finished the quarter with a return of 1.27 percent.
“Bond investors should take heart that we’re far from out of the woods,” said Jeff Tjornehoj, Lipper’s research manager for the United States and Canada in Denver, in his March 31 analysis.
In the fixed-income field, Treasury funds were the worst performers for the quarter. The Barclays Capital U.S. 20-Plus-Year Treasury Bond Index moved up just 0.16 percent for the quarter, after falling nearly 2.5 percent for March.