GAM strategist urges investors beyond 60/40 as Treasury protection weakens
AI Summary- Julian Howard urged investors to diversify beyond long-dated U.S. Treasurys and the traditional 60/40 portfolio.
- U.S. 2-year Treasury yields reached 4.937% early Tuesday, while 6-month bills yielded 4.446%.
- GAM has taken profits during the equity rally and strengthened portfolio defenses, Howard said.