Page 1 Page 2 Page 3 Page 4 Page 5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13 Page 14 Page 15 Page 16 Page 17 Page 18 Page 19 Page 20 Page 21 Page 22 Page 23 Page 24 Page 25 Page 26 Page 27 Page 28 Page 29 Page 30 Page 31 Page 32 Page 33 Page 34 Page 35 Page 36 Page 37 Page 38 Page 39 Page 40 Page 41 Page 42 Page 43 Page 44 Page 45 Page 46 Page 47 Page 48 Page 49 Page 50 Page 51 Page 52 Page 53 Page 54 Page 55 Page 56 Page 57 Page 58 Page 59 Page 60 Page 61 Page 62 Page 63 Page 64 Page 65 Page 66 Page 67 Page 68 Page 69 Page 70 Page 71 Page 72 Page 73 Page 74 Page 75 Page 76 Page 77 Page 78 Page 79 Page 80 Page 81 Page 82 Page 83 Page 84 Page 85 Page 86 Page 87 Page 88 Page 89 Page 90 Page 91 Page 92 Page 93 Page 94 Page 95 Page 96 Page 97 Page 98 Page 99 Page 10060 Fixed Income As we started 2016, it looked like the end of the great bond bull market had finally arrived. However, bond prices skyrocketed into the summer with the long Treasury bond ETF peaking over 20%. Then the long drop in Treasury bond prices began, giving up virtually all the gains by the end of the year. Corporate bonds outperformed governments. The strongest fixed income performance came in junk bonds – they continued to soar despite rising interest rates. As the “Trump Thwack” dropped the fixed income markets by $1 trillion + on the heels of the US Presidential election, the consensus grew that the end of the great bond bull mark has indeed arrived – the ultimate confirmation that the debt growth model is over. Expect investors to maintain a nervous eye on interest rates in 2017. AGG (US Bond Aggregate), JNK (High Yield Bond ETF) VII. Financial Markets Roundup