Domestic
Markets in Review
March 2008
Extraordinary events -- the most visible of which was the collapse and subsequent rescue of Bear, Stearns & Co. Inc. -- in March had little impact on domestic equity markets, for which performance improved in March relative to poor performance in January and February. Broad indices in those markets achieved returns within +/- 0.5% in March. Fixed Income markets performed somewhat better, as the Lehman Aggregate Index finished up +0.3% in March, and the Lehman Municipal Bond Index rebounded strongly with +2.9%.


