NDR Fixed Income Allocation Strategy June 2024 Update

The NDR Fixed Income Allocation Strategy, Positioning Update
BY BRIAN SANBORN

Entering June, the fixed income allocation strategy’s sector positioning is for an inflationary environment. Emerging Market bonds, U.S. Floating Rate Notes, U.S. High Yield, U.S. Investment Grade Corporate, and
U.S. Treasury Inflation-Protected Securities are above benchmark weight. International Investment Grade, U.S. Mortgage-Backed Securities, and U.S. Long-Term Treasurys are below benchmark weight.

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

Full strategy commentary: NDRFIAS202406041

Other posts

NDR Fixed Income Allocation Strategy November 2024 Update

BY BRIAN SANBORN
The NDR Fixed Income Allocation Strategy, Positioning Update Read more →

NDR Fixed Income Allocation Strategy October 2023 Update

BY BRIAN SANBORN
The NDR Fixed Income Allocation Strategy, Positioning Update Read more →

Thoughts From The Divide: Not Too Hot, Not Too Cold

BY JON WEBB
Now that the “giant global margin call” appears to have run its course, global equity markets were free to celebrate successfully navigating the potential banana skin that was US inflation data (both CPI and PPI). Inflation is tamed (at least till next month) with only the irritating exception of the shelter components (again!) and those pesky insurance premiums. Turns out that inflation has a long tail: higher auto prices beget higher insurance premiums, and that’s without considering the impact of recent hail storms. That said perhaps we should count our blessings. Both headline CPI and PPI beat (i.e., were lower than) the consensus by 0.1%, which led some economists to point to a core PCE deflator figure below the Fed’s 2% target: good enough for stocks to start celebrating a September rate cut. Read more →
Back to all posts →