Equities had a strong month in March, led by large US companies with the S&P 500 up roughly 4.4%
Interest rates continued to climb putting pressure on bond prices, with the 10-year Treasury yield ending the month at 1.75%, nearly double the 0.92% where it started the year
President Biden’s signing of a $1.9 trillion dollar stimulus bill helped push equities and bond yields higher
Non-US equities have trailed for the year as the US Dollar has strengthened against other currencies due to a quicker than anticipated vaccine rollout in the U.S., along with other factors
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