The first quarter delivered plenty of volatility and rotation, but by the time the dust settled, market participants seemed to be taking things in stride.
As the Fed dug into its tightening cycle and global central banks followed suit, the yield of the US 10-year Treasury touched 4% for the first time since 2010.
Monetary policy is meant to alter market behavior as the Fed tries to steer the economy toward its dual mandates of price stability and full employment. Read more here.