The declining US dollar has been a tailwind for foreign bonds, which are among the most improved fixed income groups in the Asset Class Group Scores over the last 30 days.

After completing a bearish signal reversal in last week’s trading, its first buy signal since June, the US Treasury 10YR Yield Index TNX reversed down on its default chart Wednesday when it hit 0.65%. The Five- and 10-year yield indexes remained unchanged.

In Tuesday’s trading, the NYCE U.S. Dollar Index DX/Y printed an O at $92.50 on its default chart, marking a 10-point decline since it peaked at $102.50 in March. The index has given multiple consecutive sell signals, most recently completing a bearish catapult last month and has now taken out all support it has found in the last year.

The falling dollar has been a tailwind for foreign currency-denominated fixed income and within the last month. The All Global Income Long Duration and the All Global Income All Regions groups in the Asset Class Group Scores System (ACGS) have each crossed above the 4.0 score threshold, while the Emerging Market Income group recently crossed above the 3.50 threshold and is among the top. Each of the three groups is among the top 10 most improved fixed income groups over the last 30 days (through 8/18).

Those interested in adding exposure to foreign bonds given their recent strength and the negative trend of the US dollar have several options. You can find a list of ideas for each of the foreign fixed income groups by clicking the blue number in the “Ideas” column next to the group’s name on the Asset Class Group Scores page.