With the Covid-19’s stock market sell off in March, and subsequent rebound over the last few weeks, it is important to look at the metrics that might define the bottom of a market. Timing the bottom of a market correction is an exercise in futility, but it is important to understand some of the fundamental and technical metrics that can help investors contextualize the price of the market.

When I sat down in early February to reevaluate the piece, What’s Your Favorite Fixed Income Alternative, the 10-year treasury hovered near historic lows, by March, they had plunged further than many expected. March was the most volatile month we’ve seen since the Great Depression, not only in equities, but in bonds too. U.S. sovereign debt has traded at highest highs, with yields dropping to .318% on the 10-year and 1.34% on the 30-year*. Falling interest rates have resulted in gains for bond funds and bonds trading in the secondary market. With bonds trading at record highs, talk to your clients about potential bond alternatives for a few reasons.