Bond-X Fund Tracking
The Bond-X model tracks and compares Fixed Income exposure among bond funds. Fund-by-fund exposures are measured in a "moving beta" tracking bond market sensitivity as bond managers vary their exposure. Each component fund's bond beta history is assessed and scored for tactical timing relative to the ebbs and flows of returns in the market.
Current exposures are then analyzed relative to their historical scores. This relative exposures-vs-timing scores analysis is updated weekly to show who's more bullish on bonds...the better timers, or lesser timers.
Here is a five-year graph of the Bond-X Slope...showing negative values in the face of notable bond market strength near the end of March 2004....