The NDR Fixed Income Allocation Strategy entered the month with increased allocations to U.S. Treasurys and U.S. Investment Grade. U.S. Long-Term Treasurys’ is now significantly above benchmark. The sector’s trend has improved, economic conditions are reversing from favorable levels, and the yield curve has narrowed from recent highs. The momentum of the U.S. stock market is no longer as strong as in previous months, which is less of a headwind for Treasurys. All these indicator changes are bullish for the sector.
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Full strategy commentary: NDRFIAS202107071