Fixed Income Outlook | Q1 2023
Change from previous quarter
|Underweight||Small underweight||Neutral||Small overweight||Overweight|
|U.S. government and agency debt|
|U.S. tax exempt|
|Tax-exempt high yield|
|Agency mortgage-backed securities|
|Collateralized mortgage obligations|
|Non-agency residential mortgage-backed securities|
|Commercial mortgage-backed securities|
|U.S. floating-rate bank loans|
|U.S. investment-grade corporates|
|Global high yield|
|Core Europe government|
|Peripheral Europe government|
Currency strategyU.S. dollar versus
|Favor other||Neutral||Favor dollar|
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