RATES: Portfolio Managers Add Cash at Expense of USTs, SMR Says
Source: BFW (Bloomberg First Word)
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UUID: 7947283
(Bloomberg) -- Participants in SMRA Portfolio Manager Survey in week ended Feb. 16 “made few major changes to their overall risk profiles” though they increased cash positions (to 4.5% of assets on avg from 4.2%) despite an improving near-term rate outlook.
Alert: HALISTER1- Actual/Target Duration (arithmetic): 98.9%
- Actual/Target Duration (weighted): 99.5%
- Bull/Bear Index (arithmetic): 4.9
- Bull/Bear Index (weighted): 4.5
- Agency allocations: 7.7%, unchanged for 16th consecutive week matching lowest on record
- MBS allocations: 23.3%
- Treasury allocations: 24.6%, lowest since April 2012
- Corporate allocations: 35.6%, lowest since Nov. 24
- Spread product allocations: 70.0%
- Spread expectations: 5.00
Source: BFW (Bloomberg First Word)
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UUID: 7947283