Explain green strategy

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Reference no: EM132955737

A Portfolio Manager, Stanley, of Carlton Corp is reading the issue of BondQuarterly. The June 21, 2021, issue has an article, "Randel Investment Shortens." The article begins as follows:

"David Green, first V.P. at Randel Investment Advisory, is shortening his $3 billion portfolio from 110% of his normal duration of 6.5 years to 95-97% because he thinks that in the short run the bond rally is near an end."

Explain Green's strategy and the use of the duration measure in this context.

Reference no: EM132955737

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