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.
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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.
Investors should be prepared for the market to trade in a saw-toothed fashion, with massive moves and broad trading ranges, not just this year but beyond.