The yield curve doesn’t wait for the next data release.

Nowcasts are daily estimates of economic indicators like GDP growth and inflation. They are powered by dynamic alternative data sets like consumer, geolocation, and geospatial data.

Using these signals to adjust how sensitive a bond portfolio is to interest rate moves has historically outperformed the benchmark — consistently, across developed markets worldwide.

When signals point to risk-on conditions, the strategy tilts toward longer maturities. When signals shift to risk-off, it moves shorter. When signals are mixed, it stays close to the benchmark. These rules-based index adjustments are designed to be mindful of turnover and transaction costs.

Explore the MSCI U.S. Treasury Duration Rotation Select Bond Index