US investment-grade bonds were the exception, courtesy of a flat performance. Otherwise, the rest of the major asset classes fell last week during a wave of selling, based on a set of exchange-traded products.
The outlier: Vanguard Total Bond Market (NYSE:BND), which was essentially flat by the close of trading for the week through Nov. 23. The ETF, which holds a broad set of government and corporate fixed-income securities, has been in a tight trading range since early October.
US stocks posted last week’s biggest setback for the major asset classes. Vanguard Total Stock Market (NYSE:VTI) tumbled 3.5%, marking the fund’s second straight weekly loss.