Liontrust MA Quarter In Review Q3-2022 15.11.22 (Spreads) - Flipbook - Page 13
Performance of bond markets
Interest rate headwinds hurt fixed income
Yields rose yet again as central banks’ battle against inflation
intensified. Counter-intuitively, inflation-linked debt was the biggest
faller over the quarter, adding to its double-digit decline in Q2.
Before this, it had held up well for some time but is now revaluing
in line with its peers.
Bond returns Q3 2022
0%
-2%
-1.5%
-4%
-4.2%
-4.3%
-4.8%
-6%
-6.3%
-8%
Developed Country
High Yield
Emerging Market Debt
Developed Country Govt
Developed Country
Inflation Linked Debt
Investment Grade
Source: Morningstar, 30.09.22
Liontrust Multi-Asset Funds and Portfolios Quarterly Report: Q3 2022 - 13
