“We currently have a longer duration in our portfolio versus its benchmark because we expect further economic deceleration in the coming months.” — Alexandre Morin, iAGAM
Key Takeaways:
- Bond yields are very volatile amid ongoing hawkish comments from central bankers.
- Regional banks may be the first victims of the rapid rate increases.
- We favour a longer duration and an overweight in quality credit vis-à-vis the benchmark.
Alexandre Morin, CFA
Senior Director, Portfolio Manager, Fixed Income, iAGAM
"iAGAM" is a tradename under which iA Global Asset Management Inc. and Industrial Alliance Investment Management Inc. operate.
