Bond Bear Spray? One Bank Sees Quarter-Trillion In ‘Pent-Up’ Duration Demand

Bond Bear Spray? One Bank Sees Quarter-Trillion In ‘Pent-Up’ Duration Demand

Between an accumulated rebalancing "miss" in 2020 and equity outperformance during the first quarter of 2021, pension community demand for duration is sizable. That's according to the latest from Deutsche Bank's Jiefu Luo and Stuart Sparks, who took a look at what funds "should have bought" in 2020 in order to keep portfolio weights constant, and what they actually bought. In a note dated Friday, they calculated the cumulative 12-month sum of "misses," noting that "at the end of Q4, the accumu
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