Subject: Re: Dual Momentum Fixed Income
OK, I couldn't not look again.

Here's a stripped-down two-asset version that swaps between aggregate bonds and high-yield bonds, with cash as the out-of-market asset. The benchmark is high-yield bonds. Backtest goes to 1995. As before, 2008 is a visible break point, in terms of out-performance.

https://www.portfoliovisualize...

If I already owned an aggregate bond fund like BND, I'd at least think about this.

Baltassar