Why this position exists
Liquidity reserve and dry powder
Short Treasuries reduce forced selling and finance rebalancing during stress.
Principal risk
Cash drag in strong bull markets and changing short rates.
What the daily radar monitors
01SEC yieldPRIMARY KPI
02Reserve bandTREND + GUIDANCE
03Liquidity needTHESIS TRIGGER
Decision rule
A headline never changes a weight by itself. The system verifies the primary source, tests the KPI trend and creates a proposal for the investment committee.