Investment Adviser: Rising Rates, Bond Volatility Reshaping Pension Strategy
Investment adviser presented a market briefing noting a sharp rise in interest rates, a bond-market volatility spike and a rotation toward higher-quality, income-generating assets; portfolio remains short-duration with a yield-to-maturity near 5.8% and a defensive quality bias.
The full story
The presenter (Speaker 4) told the board that markets saw a rapid increase in interest rates and a spike in bond-market volatility over the prior month, which led to a rotation out of rate-sensitive sectors. "We're getting over 5% interest just in our bond portfolio," the presenter said, noting a portfolio yield-to-maturity around 5.83% and a modified duration of roughly 2.6 years.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in