A number of fund managers have indicated that a 3% yield on the ten-year yield is where they would increase treasury positions. Even if this is the case, they are highly dependent on asset flows since they are sitting on historically low levels of cash. Meanwhile, the $2 Trillion of fixed-income fund inflows is in jeopardy of reversing. After all, fund flows tend to mimic performance, and fixed-income performance over the last year has been less than robust.
top of page
Related Posts
See AllMerriam-Webster defines the word “histrionic” as overly dramatic or emotional. This is an apt description for both the Federal Reserve...
As we assess the fixed income landscape going into 2022, it looks quite different than that of the last two years. The title of this...
TREASURIES LOG THE WORST QUARTER SINCE 1980 The first quarter was largely a continuation of the recovery from the March 2020 lows for...
bottom of page
Comments