"Assessing Bond Performance Post-Fed Rate Cuts: Investor Insights"

Janus Henderson Investors believe that the U.S. bond market's recent rally still has room to grow, even if the Federal Reserve delays interest rate cuts. Falling benchmark rates have boosted the bond market, with the Bloomberg US Aggregate Bond Index gaining 5.5% after a 13% drop in 2022. Investors in cash-like investments may miss out on attractive yields in bonds, as historical data shows that the average return on Treasurys after the first interest-rate cut is 3.65%. Despite recent market volatility, assets in money-market funds remain high, but Janus Henderson advises that time in the market is more important than timing the market.