Treasury futures super-user switches to swaps and SOFR
Capital Group’s Anbax fund slashes UST futures holdings in move to alternative rates derivatives
A mutual fund that was recently one of the sector’s largest users of US Treasury futures has now rotated its positions into other types of interest rate derivative, Risk.net can reveal.
American Funds Strategic Bond Fund (Anbax), managed by Capital Group, was among the biggest US mutual fund users of Treasury futures in 2023, part of a cohort of funds that helped to drive price discrepancies between US Treasury securities and futures that have been eagerly exploited by hedge funds.
Treasury
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