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2 1 . This excerpt comes from an article titled Eagle Eyes High - Coupon Callable Corporates in the January 2 0 , 1 9
This excerpt comes from an article titled Eagle Eyes HighCoupon Callable Corporates in the January issue of BondWeek, p:
If the bond market rallies further, Eagle Asset Management may take profits, trading $ million of seven to year Treasuries
for highcoupon singleA industrials that are callable in two to four years according to Joseph Blanton, senior VP He thinks a further
rally is unlikely, however.
Eagle has already sold seven to year Treasuries to buy $ million of highcoupon,
singleA nonbank financial credits. It made the move to cut the duration of its $ million fixed income portfolio from to years,
substantially lower than the year duration of its bogey because it thinks the bond rally has run its course....
Blanton said he likes singleA industrials and financials with coupons because these are selling at wide spreads of about basis points off Treasuries.
What types of active portfolio strategies are being pursued by Eagle Asset Management?
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