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What is Q2 2025 Victory Bond Fund Commentary about?

May brought the final downgrade from AAA to U.S. debt by Moody’s, but the market’s reaction was muted. Moody’s cited the potentially unsustainable fiscal trajectory as a rationale for the downgrade. Credit spreads barely reacted because this was hardly news to anyone. Overall, credit spreads have remained very low and are pricing in a benign economic environment despite the volatility in the equity markets. Short-term yields decreased throughout the quarter, while long-term yields increased ...

Author

Agreyes33124

Language

EN