Securitized Products

We rank the US spread sectors in terms of risk versus reward.

Our Portfolio Allocation Summary for February 2024.

We present the performance review of the Global Fixed Income Strategy Model Bond Portfolio for 2023. We also discuss the outlook for 2024 performance based on our Key Views for the year. The portfolio is positioned to benefit from a year where the global backdrop will be one of weak growth and further declines in inflation, leading central bank to begin cutting interest rates.

Our Portfolio Allocation Summary for January 2024.

Our US fixed income team’s key investment views for 2024.

Our Portfolio Allocation Summary for December 2023.

Our Portfolio Allocation Summary for November 2023.

The recent bear-steepening of the US Treasury curve has been driven by the combination of stronger-than-expected economic growth and stable Fed rate expectations. Historically, such periods do not last very long, and we see the current bear-steepening episode ending soon. We also highlight an opportunity in Agency MBS.

We present our Portfolio Allocation Summary for October 2023.