Entering March, the fixed income allocation strategy is overweight Floating Rate Notes, U.S. High Yield Bonds, and International Investment Grade, while Emerging Market Bonds, Treasury Inflation-Protected Securities, Mortgage-Backed Securities, and U.S. Investment Grade Corporate are underweight.

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

Full strategy commentary: NDRFIAS202303021

Other posts

NDR Dynamic Allocation Strategy November 2024 Update

BY BRIAN SANBORN
Dynamic Allocation Strategy, indicators, weightings update Read more →

C8 Currency Compass – “Don’t be a PANICAN” Pres Trump – April 2025

BY JON WEBB
After the tariff announcement, there was an initial USD drop on the risk that the US finds itself isolated, then a flight to the USD on risk aversion.  Interestingly, our FX models, which have been bearish on the USD since the start of January, are broadly positive USD for April.  In particular, reversing to short positions in AUD and NZD, which as commodity producers are most impacted by increasing recession risks. In the medium term, the USD remains vulnerable, with a weaker USD seemingly a policy goal for the Administration, but, as the shock of the tariff announcements work through the markets, the USD can have a period of strength first. Read more →

NDR Fixed Income Allocation Strategy May 2023 Update

BY BRIAN SANBORN
The NDR Fixed Income Allocation Strategy, Positioning Update Read more →
Back to all posts →