Long-term investors should consider the potential benefits of maintaining an allocation to international equities.
Tax-exempt Yields Fall in November
Treasury Yields Volatile as Election Concludes and Fed Cuts Rates as Expected
Treasury Yields Climb Sharply on Resilient Data and Reduced Expectations of Fed Easing
Municipal Yields Rise in October
Equities posted a strong quarter on the back of encouraging economic data and the anticipation of a series of interest rate cuts by the Federal Reserve.
Factors were not a major headwind or tailwind as the strategy kept pace with a solid benchmark return in the quarter.
The Strategy’s strong absolute returns were spurred by the market’s embrace of easing inflation data, and the prospect that lower interest rates will allow the U.S. economy to avoid recession.
Equity markets continued to rally throughout the third quarter, with strong positive strock returns, globally.
Fed Cuts 50 bps, Positive 2s10s Curve Slope Returns as Short Rates Fall the Most
Municipal Yields Fall through Q3 Even as Supply Soars
Municipal Curve Returns to Positive Slope
Fed Chair Powell Signals First Rate Cut in September, Helping to Normalize the Yield Curve
Municipal Yields Fall in July on Strong Demand and Still Robust Supply
Treasury Yields Decline as Inflation Cools and Fed Signals Forthcoming Cuts
While larger-cap equities reached new heights, smaller-cap stocks continued to struggle during the quarter.
The well-known S&P 500 advanced in the quarter, a stark contrast to declines in the broader small and mid-cap equity indices.
Appreciation in global equity markets continued in the quarter and the Funds outperformed their indices.
Municipal Yields Fall in June, Rise in Q2 and Supply Booms
Treasury Yields Fall in June but End Higher for Q2, Resilient Economy Likely Delays Fed Rate Cuts
Municipal Yields Mixed in May on Supply Surge
Yields Fall as Labor Market and Inflation Cools after Q1 Upside Surprise
Equities continued their ascent to the start of the year, bolstered by hopes of easing monetary policy.
Municipal Yields Continued to Rise in April
Yields Rise on Stubborn Inflation, Firm Labor Market and Reduced Fed Rate Cut Expectations
The Baird SMID Growth portfolio produced a positive return, with mixed performance across the portfolio, but the net result trailed the sharp increase in the benchmark.
The Baird Mid Cap Growth portfolio produced a positive return with all sectors advancing, but the net result trailed the sharp increase in the Russell Mid Cap Growth Index.
Global equity markets staged another broad rally for the first quarter, with the Funds outperforming their benchmarks.
Treasury Yields Rise in Q1 as Markets Reduce Fed Rate Cut Expectations on Stronger than Expected Growth and Inflation
Municipal Yields Rise in Q1 and Demand Returns
Strong Economic Data and Reduced Fed Rate Cut Expectations Lift Treasury Yields
Strong Demand Meets Increased Supply
Tax-exempt Yields Rise as Supply Returns to the Market
Rangebound Treasury Yields with a Steepening Bias, Inflation Cooling Alongside Resilient US Economy
