That’s more like a “hedge” statement: “Some”(how many? 1 or 2) asset managers shift to “short term”… obviously lesser risk.
- Yield spike up is a fact.
- MFs sold more this March than in any of the previous 12 months is also a fact.
Not necessarily. Overnight or TREPS would still give you maybe 1-2% less than the 10Y yield without the added risk.