HALISTER1: Portfolio Managers More Defensive Before Payrolls, SMR Says

Portfolio Managers More Defensive Before Payrolls, SMR Says

(Bloomberg) -- Participants in SMRA Portfolio Manager Survey in week ended March 29 had “small overall shift toward more defensive risk profiles,” and “a tick less positive” near-term rate outlook.
  • Actual/Target Duration (arithmetic): 99.3%
  • Actual/Target Duration (weighted): 99.5%
  • Bull/Bear Index (arithmetic): 4.9,
  • Bull/Bear Index (weighted): 4.6, lowest since Feb. 16
  • Agency allocations: 7.7%, unchanged for 22nd consecutive week matching lowest on record
  • MBS allocations: 23.8%, unchanged at highest since July 21
  • Treasury allocations: 24.2%, lowest since April 2012
  • Corporate allocations: 35.9%
  • Spread product allocations: 70.7%, highest since Feb. 2012
  • Spread expectations: 5.05
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

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