Entering May, the fixed income allocation strategy’s sector positioning favors an inflationary environment. The model is overweight U.S. Floating Rate Notes, U.S. High Yield, and International Investment Grade. The model is underweight U.S. Mortgage-Backed Securities, U.S. Long-Term Treasurys, U.S. Investment Grade Corporate, and Emerging Market bonds.
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Full strategy commentary: NDRFIAS202405031