Market Update May 2023Submitted by Corrigan Financial, Inc on June 7th, 2023
Global stocks declined by just over 1% in May. Foreign stocks saw declines of over 3% for the month, while domestic equities were essentially flat. Bond investors also saw declines of about one percent during May. The yield on the benchmark U.S. 10-year Treasury note is now at 3.64%, up about 0.2% for the month.