Diamond Hill Intermediate Bond Strategy Q4 2025 Commentary

Diamond Hill Capital Management39 FollowersFollow5ShareSavePlay(7min)CommentsSummaryThe Bloomberg US Intermediate Aggregate Bond Index returned 1.35% during Q4, bringing year-to-date performance for the index to 7.45%, the best annual performance since 2002.The 30-year Treasury yield rose 11.3 bps in Q4 on uncertainty around the future path of inflation, ending the year at 4.84%, while the two-year Treasury yield fell 13.5 bps to 3.47%.After bottoming in late Q3 at 64.5 bps, spreads widened to as much as 76.8 bps in late November amid heightened economic uncertainty before tightening into year end. webking/iStock via Getty Images Market review and outlook The Bloomberg US Intermediate Aggregate Bond Index returned 1.35% during Q4, bringing year-to-date performance for the index to 7.45%, the best annual performance since 2002. After lowering the Fed funds rate by 100 basis points (BPs) inThis article was written byDiamond Hill Capital Management39 FollowersFollowDiamond Hill Capital Management, Inc. is a wholly owned subsidiary of Diamond Hill Investment Group, Inc.

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