Fixed Income Allocation Updates

Posted by on Nov 20, 2012 in The T-Report | No Comments

Adding 5% to HY allocation in Core, Traded, and Aggressive

Adding 5% of Spanish 3.75% 2015 to Traded and Aggressive

Will look to sell out of MHY in Aggressive today.

I am adding risk after a big up day, not my normal style, but I think the market is caught short and will also be looking for yield. CDS will likely continue to outperform.