First Quarter 2024 Fixed-Income Sector Views

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First Quarter 2024

Fixed-Income Sector Views

Table of Contents Portfolio Management Outlook..................................................... 2

Municipal Bonds ..............................................................................8

Macroeconomic Update................................................................. 3

Asset-Backed Securities and CLOs..................................................9

Rates ................................................................................................4

Non-Agency Residential Mortgage-Backed Securities (RMBS).... 10

Investment-Grade Corporate Bonds ............................................. 5

Commercial Mortgage-Backed Securities (CMBS) ........................ 11

High-Yield Corporate Bonds ...........................................................6

Agency Mortgage-Backed Securities (MBS) ..................................12

Bank Loans ..................................................................................... 7

Commercial Real Estate (CRE)........................................................13


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