Entering August, the fixed income allocation strategy has a risk-on message. The model is overweight U.S. High-Yield Bonds, U.S. Investment Grade Corporate, Floating Rate Notes, and Emerging Market Bonds and underweight U.S. Long-Term Treasurys, U.S. Treasury Inflation-Protected Securities, and U.S. Mortgage-Backed Securities.
Click the link below to read more about the strategy’s positioning.
Full strategy commentary: NDRFIAS202308031