Entering February, the fixed income allocation strategy continued to favor risk-on leadership but did rebalance. The model remained overweight Emerging Market bonds, U.S. High Yield, U.S. Investment Grade Corporate, and U.S. Mortgage-Backed Securities. U.S. Long-Term Treasurys improved from underweight to marketweight. The model remained underweight U.S. Floating Rate Notes, U.S. Treasury Inflation-Protected Securities, and International Investment Grade.
Click the link below to read more about the strategy’s positioning.
Full strategy commentary: NDRFIAS202402051