The NDR Fixed Income Allocation Strategy entered the month with aggressive positioning. Both Emerging Markets and U.S. High Yield received large overweight allocations. All of U.S. Treasury Inflation-Protected Securities’ (TIPS) macro, fundamental, technical, or behavioral indicators were bullish. None of U.S. Long-Term Treasurys indicators were bullish.

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

Full strategy commentary: NDRFIAS202106031

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