2024-04-29 05:37:43 ET
Summary
- SHV avoids duration risks, which has been the right idea so far.
- Inflation will stay high until we see major economic hits, where maturity walls may provide that.
- We don't think stagflation is the worry right now. The conditions for stagflation are not obvious at the moment. We haven't even given Phillips Curve dynamics a chance yet.
- Short duration is still the wise thing to do until the maturity walls start having a clearer impact.
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For further details see:
SHV: Stay Safe With Short Duration