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Recent fund flows highlight the benefits of a long-term focus

Equity markets saw large inflows at the market's peak, outflows during the correction

Bond and loan performance during periods of rising rates

Investment grade bonds versus high yield bonds and senior secured loans

Equity volatility bounced in February, yet remains below average

VIX averaged a historic low in 2017 and remains relatively constrained

Sluggish productivity growth has helped keep interest rates in check

Productivity growth and interest rates remain below their long-term averages

Energy market commentary: February 2018

Supply/demand balances are on healthy footing, oil prices have risen, North American assets are among the most globally competitive at current oil prices, and valuations for energy companies appear attractive relative to the broader market.

Credit market commentary: February 2018

Investments with lower durations, such as senior secured loans, have outperformed so far in 2018 and may display lower levels of volatility if U.S. Treasury yields rise further.

U.S. Treasury yield curve flattens again as inflation data moderates

Spread between 10-year and 2-year Treasury notes

Federal Reserve’s longer-run GDP forecast remains below 2%

FOMC's latest projections for the target federal funds rate and real GDP

Volatility returns in 2018

The CBOE Volatility Index has experienced a sustained rise in 2018

After an early-year surprise, inflation expectations and Treasury yields moderate

Year-over-year change in inflation expectations and Treasury yields
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