Client Communications

  • Large-Cap Report 3Q18

    The stock market reached all-time highs during the third quarter as we marked the 10-year anniversary of the Lehman Brothers...

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  • Fixed Income Report 3Q18

    Treasury yields continued to move higher during the third quarter. The 2-year Treasury yield rose 29 basis points (bps)...

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  • Large-Cap Report 2Q18

    Volatility continued in the second quarter with both stocks and bonds experiencing large swings as investors reacted to shifting interest...

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  • Fixed Income Report 2Q18

    Treasury yields moved higher during the quarter but closed well below their mid-May highs as concerns over escalating trade...

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  • Large-Cap Report 1Q18

    After near perfection in 2017, the equity markets assumed a more typical behavior in the first quarter of 2018 as...

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  • Fixed Income Report 1Q18

    Investors began the first quarter with high expectations that tax reform’s fiscal stimulus would boost economic growth, largely offsetting...

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  • Large-Cap Report 4Q17

    The fourth quarter capped a perfect year for stock investors as the S&P 500® Index delivered positive returns every month...

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  • Fixed Income Report 4Q17

    The fourth quarter bond market was mostly defined by a significant change in the shape and slope of the...

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  • Municipal Bond Report 4Q17

     Odds are individual (aka retail) investors will maintain or increase their appetite for tax-exempt income, especially those residing in high...

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  • Fixed Income Report 3Q17

    Looking at the quarter-over-quarter change in U.S. Treasury yields, one might conclude that not much happened during the period. Two-year...

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    •  An investment cannot be made directly into an index.

      Nothing contained herein is intended to be a recommendation to buy or sell any security. Nothing contained herein is intended to represent the performance of any Madison Fund or product. Past performance is no guarantee of future results. 

      Bonds are subject to certain risks including interest rate risk, credit risk and inflation risk. Equity risk is the risk that securities will fluctuate in value due to general market or economic conditions.