Entering December, the fixed income allocation strategy is overweight U.S. High Yield, U.S. Investment Grade, and Emerging Market Bonds, while being underweight Floating Rate Notes, U.S. Long-Term Treasurys, Treasury Inflation-Protected Securities, and International Investment Grade bonds.

Click the link below to read more about the strategy’s positioning.

Full strategy commentary: NDRFIAS202212061

Other posts

MI2 for C8 – The FX Year Ahead – Turning Japanese – Feb 2024

BY JON WEBB
Japan is likely to come into increasing focus this year. With bond yields now being allowed to rise as the BoJ’s Yield Curve Control experiment comes to an end, the BoJ’s roadmap to ending NIRP (if things go to plan), the multi-decade underperformance of Japanese equities still fresh in asset allocators’ minds (despite some promising upside momentum) and a chronically weak currency, (especially on a real effective, inflation-adjusted trade-weighted basis), there is plenty of potential for disruption. Read more →

Trump and Nvidia Today, Tomorrow Brings the Fed

BY TEMATICA
The question about the economy we expect to be put to the Fed Chair Read more →

C8 Hedge – Currency Compass – Election Special – November 2024

BY JON WEBB
The strong USD bias worked well for our FX models last month, with our dynamic hedge adding over 1% outperformance for EURUSD and GBPUSD, and over 3% for USDJPY.  We note, however, that our models have now moved to neutral for the USD against the EUR and GBP, though still look for higher USDJPY.  Reducing FX risk may well be sensible given the closeness of the US Presidential election, and doubts about the accuracy of polls. Though, as we note overleaf, late momentum now marginally favours Harris. Read more →
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