LC Investment Playbook Monthly Update January 2023

Model Portfolios

• An overview of the LC Model Portfolios, their characteristics and performances

Market Updates

• Liquidity is Tight in the US

• US Inflation- Path Ahead

• US Labour Market-Weakening but Still Strong

• US Loan Downgrade Pace Accelerates

SpotLight

• US 10Y Yield Has Receded To 3.36%

• When Should Duration Be Increased?

• Buying the Dip on Chinese Onshore Assets

• China RE $Bonds Rebounding amid Supports

Recent Trade Ideas

• Our team's recent trade ideas on various asset classes.