Fixed Income Allocation Updates
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.