Transcription of ANNUAL REPORT - northerntrust.com
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ANNUAL REPORT - northerntrust.com
NORTHERN MONEY MARKET FUNDS. ANNUAL REPORT . M A R C H 31, 2 018. A MESSAGE FROM. BOB BROWNE. CHIEF INVESTMENT OFFICER. The bond market experienced returns of interest rate-sensitive assets, between Powell and his predecessor, headwinds in the 12-month period ended including Treasuries, corporate Janet Yellen. Still, several factors are at March 31, 2018 (the Period ), but the bonds and municipal issues for the full work in determining the extent to which Bloomberg Barclays Aggregate Bond 12-month period ended March 31, 2018. the Federal Reserve will raise Index a measure of performance for High-yield bonds performed interest rates.
For the 12-month period ended March 31, 2018, the Municipal Money Market Fund offered investors tax-exempt returns, a stable net asset value and liquidity. Major themes affecting the short duration municipal markets during the period included higher money mar-
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