Lower inflation means higher real rates of return on fixed-income securities.

Many investors turned to fixed-income securities, such as Treasury issues.

Much of the investment, he said, is in fixed-income securities.

The firm also measures only stock returns and does not include fixed-income securities.

The report had no effect on prices of fixed-income securities.

But an expected increase in interest rates is likely to reduce yields on fixed-income securities.

By late in the day, the 30-year Treasury bond, the most closely watched fixed-income security, was up almost a point.

At the same time, they expect interest rates to continue to fall, which should make all fixed-income securities less attractive.

Prices of fixed-income securities rose sharply and interest rates fell.

The report had no impact on prices in the markets for fixed-income securities.