Overall Market Backdrop, May
- Global markets had a mixed month and even with mass amounts of volatility and some regions ending on negative returns, most markets ended the month flat.
- Central banks are now seen to be walking on a tightrope, causing concerns for investors as they tend to balance the pressure of inflation with an already slowing growth rate.
- After a few months of bond yields rapidly increasing, in May they were more tame and flat. the US 10-Year Treasury yields dropped by 4 basis points and ended at 2.84%.
- Value has now been the best performing factor for May.