Cowley calls time on US treasuries and the dollar

OMAM Strategic Bond manager explains bearish stance on traditionally safe-haven currency and how this affects view of sovereign bonds

The dollar and the US government paper have traditionally been safe havens at times of uncertainty and global stress, but Stewart Cowley, manager of the £400m Old Mutual Strategic Bond fund, has called time on both. He has gone negative duration on the US treasury market and is predicting the beginning of the end for the dollar as the world’s reserve currency. Asset TV caught up with Cowley to find out why he is so bearish on treasuries, how that is affecting his view of sovereign bonds and how he is positioning his fund as a result. You are shortening duration on your portfolios. ...