Business
• Stock markets around the globe bounced back during the second quarter, even though global economies are dealing with pandemic-induced recessions. • The U.S. stock market outperformed stocks in the international developed markets and the emerging markets during the quarter. • Interest rate changes were mixed in the U.S. Treasury fixed income market in the second quarter, as the yield on shorter-term notes decreased slightly, while the yield on longer-term bonds increased slightly. • U.S. REITs and Global REITs also bounced back, yet underperformed U.S. and global stocks during the quarter.