physical bonds
2 statements across 2 episodes · 0 bullish · 2 bearish · 1 people on the record · first statement Sep 24, 2018 by Raphael Arndt · across every show →
Everything said about physical bonds, oldest first
Sep 24, 2018 bearish
Future Fund Holds Almost No Physical Bonds Due to Low Yields
“We hold almost no physical bonds. We don't have any concept of liability matching. We've only got a return target, and bonds aren't paying all that well at the moment, so there doesn't seem to be a Strong reason to hold them, but we do have some rates exposure…”
Sep 1, 2025 bearish
Arndt: Future Fund holds almost no physical bonds due to low yields
“We hold almost no physical bonds. We don't have any concept of liability matching. We've only got a return target, and bonds aren't paying all that well at the moment, so there doesn't seem to be a strong reason to hold them, but we do have some rates exposure…”