diff --git a/hedge_allocations/requirements.txt b/hedge_allocations/requirements.txt
index 07406028b..dc0f545ef 100644
--- a/hedge_allocations/requirements.txt
+++ b/hedge_allocations/requirements.txt
@@ -79,7 +79,7 @@ lightgbm==2.0.10
 llvmlite==0.25.0
 locket==0.2.0
 lxml==3.7.3
-Mako==1.0.7
+Mako==1.2.2
 Markdown==2.6.11
 MarkupSafe==0.23
 matplotlib==2.1.1