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Fourth Quarter Strategic Income Outlook from Osterweis (OSTIX)

WABACWABAC
edited 10:05AM in Fund Discussions
Read all about it.

TLDR:
It is hard to find compelling reasons for us to justify moving away from our current defensive posture.
They confirm my biases.

Comments

  • JunksterJunkster
    Since rates were cut in September junk hasn’t performed well. Many of the more popular names ala RSIIX, OSTIX, CBLDX, among others are negative over the past month. One of the better categories over that same time period has been MBS and related funds such as SEMMX, ANGLX, JSIVX, among others and an old favorite IOFIX.

    I also find it interesting that with all the talk about the collapse in the BDC and ABS markets that bond funds that are heavy there such ad HOBIX and SCFZX are performing well. HOBIX is a real enigma. Another fan favorite HOSIX keeps performing as advertised as does SEMIX. Still, emerging market debt has been and continues to be the place to be in Bondland for 2025. Whether munis continue their recent run remains to be seen.
  • Derf
    @Junkster Always good to hear from you.
  • WABACWABAC
    Speaking of muni's, I'm enjoying a nice run with MGOIX at the moment.

    We shall see what comes out of the inflation report tomorrow. Might be time to go crazy and swap BUBIX for BIMIX and fold CBUDX into BBBMX :-D

    The current duration of my IRA is 1.81, after adding MGOIX. Yeehaa!

    No bonds in the taxable.
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