Positioning Update
March 2026: Holding Pattern
February 24, 2026
Long-term yields have fallen but remain in a tight range, and extra yield from lower-quality and EM continues to be a focus.
Positioning Update
The Iran conflict has unended markets, our positioning is set to capitalize on a near-term outcome.
Positioning Update
February 2026: USD Takes an Ugly Turn
January 27, 2026
The 'sell America" trade upset the dollars recovery, the Index takes a shift away and looks to pick up some yield.
Positioning Update
January 2026: New Year, Same Thinking
December 26, 2025
As we enter the 2026 calendar year, the Index remains long the dollar and the committee expects higher rates.
Positioning Update
December 2025: Return of the Dollar
November 24, 2025
After a year of struggles, the dollar looks to be an attractive investment opportunity in December.
Positioning Update
November 2025 Index Positioning
October 28, 2025
A description of index positioning effective November 3, 2025