NDR Fixed Income Allocation Strategy May 2024 Update

The NDR Fixed Income Allocation Strategy, Positioning Update

BY BRIAN SANBORN

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.

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

Full strategy commentary: NDRFIAS202405031

Other posts

A Reprieve, of Sorts

BY TEMATICA

A 90-day reset gives everyone some time to collect their thoughts Read more →

Thoughts From The Divide: High Times and Happy Endings

BY JON WEBB

“I think it was the right decision, and I think it should send a signal that we, that we’re committed to coming up with a good outcome here” There is no verse in scripture that says “blessed be the dovish, for they shall fatten the sacred bull”. More’s the pity, because it would have been apt. James Macintosh seems to have noticed the same, but framed it slightly differently. Nothing says I love you to asset markets more than Fed rate cuts: the original PCA factor. And to be fair, the admiration appears to be mutual: Powell loves markets and markets love Powell. It’s nice to get positive feedback and it’s not like JP had to drag everyone screaming and kicking. Read more →

NDR Fixed Income Allocation Strategy January 2023 Update

BY BRIAN SANBORN

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

Back to all posts →