美国利率观察_久期延长-US Rates Watch_ Duration extension

Accessible version US Rates Watch Duration extension Moving out Flows data on net echo recent price action and suggest that asset managers are moving longs from belly to further out the curve. Belly of the curve sees far fewer longs that are out-of-the money while in-the-money short base there is building. Despite de- dollarization concerns, foreign investor flow data was little changed and custodial holdings (proxy for foreign official demand) increased. Inflows continue into US fixed income funds & banks ...