Wellington Funds Pivot From Treasuries to ‘Most Credible’ Debt

Wellington Asset Management cut exposure to US Treasuries after last week’s Federal Reserve meeting raised doubts about its inflation-fighting credibility. The shift moves positioning toward German bonds, signaling a more cautious stance on US rates in response to inflation/rate expectations.

Analysis

Wellington Asset Management cut exposure to US Treasuries after last week’s Federal Reserve meeting raised doubts about its inflation-fighting credibility. The shift moves positioning toward German bonds, signaling a more cautious stance on US rates in response to inflation/rate expectations.