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Portfolio Managers Are Holding Record Levels of Corporate Debt

  • Stone & McCarthy weekly survey shows allocations at 37%
  • Investors cut Treasury allocations ahead of Fed meeting

Combine the enduring search for yield with a renewed bull market in Treasuries and what do you get? Record high U.S. corporate debt holdings.

Stone & McCarthy Research Associates’ weekly survey of fixed-income portfolio managers showed corporate debt allocations at an all-time high of 37 percent, matching levels last seen in August 2016.