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NDR Fixed Income Allocation Strategy Commentary - February 2024

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The Bloomberg Barclays U.S. Aggre gate Bond Total Return Index was down modestly in January and breadth weakened. The Fixed Income Allocation model continued to favor risk-on leadership and did rebalance. The model remained overweight Emerging Market bonds, U.S. High Yield, U.S. Investment Grade Corporate, and U.S. Mortgage-Backed Securities and underweight U.S. Floating Rate Notes, U.S. Treasury Inflation-Protected Securities, and International Investment Grade.

Ned Davis Research | NDR Fixed Income Allocation Strategy Commentary | Monthly

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