Canadian pension plans saw their funding positions improve on both a solvency and accounting basis in January 2021 compared to December 2020, according to Morneau Shepell Ltd.’s latest monthly pension report.

Generally, the plans’ assets remained stable. But the values of plan liabilities and fixed-income assets fell even as bond yields, especially for long-term and real return bonds, rose.

Read: Pension plans’ 2020 financial results impacted by the coronavirus pandemic

The increases in bond yields prompted the values placed on plan liabilities and the values of fixed income asset holdings to fall. While, the strong performance of equities in February, helped offset the negative returns on fixed-income assets, said a press release on the report.