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BMO Expert Perspectives: COVID-19 Economic and Social Impacts
Darryl White
COVID-19 Insights
Optimizing Liquidity in an Uncertain Environment
James Santoro
COVID-19 Insights
Trending Insights
BMO Expert Perspectives: COVID-19 Economic and Social Impacts
Darryl White
COVID-19 Insights
Optimizing Liquidity in an Uncertain Environment
James Santoro
COVID-19 Insights
Monthly Money Trail: International Fund Flows
October 23, 2019
Research & Strategy
October 23, 2019
Research & Strategy
We are not expecting any haunts or ghouls before the end of October (in an early tribute to Halloween) as the natural roll of the index takes over and decreases modified duration by 0.02. A similar outcome is projected for the full month of November, as the Broad Composite dips by 0.02 since deletions of $12 billion are insufficient to fully mitigate the natural roll.
In December, modified duration for the Broad Composite is projected to rise by 0.10, with $26.6 billion in deletions set to occur. The biggest impact on modified duration is slated to take place in both Broad Agencies (up 0.22) and Broad Provies (up 0.18) on the back of nearly $15 billion and $8.5 billion in deletions, respectively.
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Research & Strategy
October 23, 2019
We are not expecting any haunts or ghouls before the end of October (in an early tribute to Halloween) as the natural roll of the index takes over and decreases modified duration by 0.02. A similar outcome is projected for the full month of November, as the Broad Composite dips by 0.02 since deletions of $12 billion are insufficient to fully mitigate the natural roll.
In December, modified duration for the Broad Composite is projected to rise by 0.10, with $26.6 billion in deletions set to occur. The biggest impact on modified duration is slated to take place in both Broad Agencies (up 0.22) and Broad Provies (up 0.18) on the back of nearly $15 billion and $8.5 billion in deletions, respectively.
Read more
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BMO Capital Markets is a trade name used by BMO Financial Group for the wholesale banking businesses of Bank of Montreal, BMO Harris Bank N.A. (member FDIC), Bank of Montreal Europe p.l.c, and Bank of Montreal (China) Co. Ltd, the institutional broker dealer business of BMO Capital Markets Corp. (Member FINRA and SIPC) and the agency broker dealer business of Clearpool Execution Services, LLC (Member FINRA and SIPC) in the U.S., and the institutional broker dealer businesses of BMO Nesbitt Burns Inc. (Member Investment Industry Regulatory Organization of Canada and Member Canadian Investor Protection Fund) in Canada and Asia, Bank of Montreal Europe p.l.c. (authorised and regulated by the Central Bank of Ireland) in Europe and BMO Capital Markets Limited (authorised and regulated by the Financial Conduct Authority) in the UK and Australia.