economy
January 29, 2026
These bonds trounced cash in 2025, and they could still offer solid returns for investors
Core bonds put up a solid performance against cash last year, and the category is still a sensible choice in 2026.

TL;DR
- 2025 saw the best combined annual performance for global stocks, bonds, and commodities since 2019.
- Core bonds delivered over 8% return in 2025, significantly higher than cash's 4.2%.
- Despite Fed rate cuts, investors largely stayed in money market funds, whose yields are now falling.
- Core bonds offer a balanced approach, providing yield without the high duration risk of long-dated bonds.
- Experts predict positive excess returns for core bonds in 2026 as cash rates are likely to decrease.
- Investment grade credit and mortgage-backed securities are also seen as promising sectors.
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