Equity curve switching is a popular technique, but it is unclear as to whether it is really beneficial.
U.S. equity benchmarks extended all-time highs amid merger activity while Treasuries advanced on weaker-than-estimated retail sales.
The S&P 500 gained 0.5 percent to 1,807.85 at 11:17 a.m. in New York. The Dow Jones Industrial Average rose 94.95 points, or 0.6 percent, to 15,896.74.
U.S. stocks rose, with the Standard & Poor’s 500 Index rebounding from its biggest loss in two months, as better-than-forecast jobs report added to signs growth is strong enough for the economy to withstand a stimulus reduction.