October 2025 Market Recap

Research
The Wealthspire Team
By The Wealthspire Team
November 5, 2025 · 1 min read


Fixed Income (October)

+ The Federal Reserve continued to cut the Fed Funds rate in October, further reducing the target by 0.25%. Interest rate volatility ticked up during the month, but core fixed income posted a modest gain.

+ Despite a slight widening of credit spreads, high yield bonds were slightly positive in the month. Demand remains robust as all-in yields continue to be elevated.

+ Long duration bonds, which are more interest rate sensitive, benefited from the move lower in rates.

The Wealthspire Team
The Wealthspire Team

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