Marsh Lifts US Treasury Allocation to Neutral as Yields Stay High

The signal here is less about the allocation shift itself than about who is making it: a large, traditionally cautious adviser moving off an underweight stance suggests elevated yields are becoming hard to ignore even for institutional portfolios that had been positioned elsewhere. With only a portion of Marsh's assets actually subject to the change, the practical flow may be modest, but the direction of travel among large allocators is worth noting. Whether peers follow with similar upgrades is the open question, and it matters for how much real demand high yields ultimately attract.