The Globe and Mail reports in its Thursday edition that bond investors who had positioned portfolios defensively in anticipation of a U.S. recession are adjusting their strategies for a surprisingly resilient economy that will likely keep interest rates higher and longer than they had expected. A Reuters dispatch to The Globe says that the so-called soft-landing economic path has gained more consensus in recent weeks, prompting some investors to take on more risk or reduce bets that safe-haven assets such as Treasuries would rally. Felipe Villarroel at Twenty Four Asset Management said he was shifting some allocations from 10-year Treasuries to 10-year U.S. investment-grade corporate bonds. This reverses a buildup in positions in 10-year U.S. government bonds that started a year ago when yields were rising on the back of the Fed's interest-rate hikes. "The tail risk of a hard landing is being priced out, and that doesn't mean we're too bullish on the economy, but it does mean that the weighted average scenario has improved," he said. Danielle Poli at the Oaktree Diversified Income Fund, said the company shifted allocations, with a view of higher rates for longer, for instance by investing more in floating-rate debt.