1441 ET - It's time for fixed-income investors to buy into the two- to seven-year section of the yield curve, Angel Oak's Clayton Triick says, as his team adapts to the recent bonds selloff. "Why do you need to go to 10 years?" since yields are attractive with less duration risk, he says. Triick likes "investment-grade, fixed-rate bonds in agency mortgages as well as securitized credit like [asset-backed securities and] non-agency mortgages." He says investors can get 6% to 10% yield on these assets. "So this reset is setting up for a very high single-digit number in a pretty low-risk, diversified strategy."
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