What scent are they picking up on? The lay out: they want to leverage climbing interest rates, which are tugging the total in MMFs past $5tn. That said, many members of that pack were ready to segue into fixed income – when investors felt gob smack sure that yields would sidestep taking a hit by additional action on the Fed’s part, said Blackrock, according to ft.com.

“There is finally income to be earned in the fixed income market and we are expecting a resurgence in demand,” said Rob Kapito, president.* “There are trillions . . . that are ready, when people feel rates have peaked, to flood the market and we need to position ourselves to capture that.”

Like a boxer holding his own despite absorbing more than his share of a pummeling, while the U.S. economy continues to hold tough, when it comes to core fixed income, the macro outlook’s looking up, according to sageadvisory.com.

Over the upcoming quarters, a cocktail of appealing yield carry and escalating returns rates skews returns north.