NDR Fixed Income Allocation Strategy March 2025 Update

The NDR Fixed Income Allocation Strategy, Positioning Update

BY BRIAN SANBORN

Entering March, there was some rotation among sectors. Emerging Market bonds, U.S. Investment Grade Corporate, U.S. Mortgage-Backed Securities, and U.S. Treasury Inflation-Protected Securities are above benchmark weight. U.S. High Yield dropped to benchmark weight. International Investment Grade, U.S.
Long-Term Treasurys, and U.S. Floating Rate Notes are below benchmark weight.

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

Full strategy commentary: NDRFIAS202503051

Other posts

Is The Market Facing A Flashing Yellow or Red Light?

BY TEMATICA

Market Wrap Despite what can be described as an Oprah Winfrey-level amount of tariff… Read more →

MI2 Partners Thoughts From The Divide: Never Rains But It Pours

BY JON WEBB

t’s been a challenging week for President Trump. The problems started when the Justice Department released a memo as part of their “commitment to transparency” that explained there was no evidence of an “Epstein client list” or that his death was suspicious. Trump offered a spirited defence of AG Pam Bondi, but this did little to placate the MAGA base, who appeared understandably sceptical. Reports that China believes it has the whip hand in trade negotiations because of its rare earth leverage can’t have improved the President’s mood. Worse still, there does seem to be substance to those reports. One poker tell was the recently announced deal between MP Materials and Apple, which will invest $500mn in rare earth magnets and a recycling facility (of course). That news followed last week’s announcement of a $400mn investment in MP by the Pentagon, no less! Trump then managed to go 0 for 3 when he ostensibly floated a trial balloon on firing Powell. The market reaction prompted a swift walk-back. Read more →

Trump and April Tariffs – Will He or Won’t He?

BY TEMATICA

Let's game it out... Read more →

Back to all posts →