“We are maintaining our overweight in quality credits, although we are closely monitoring the onset of any recession-related widening.” — Alexandre Morin, iAGAM
Key Takeaways:
- After March’s regional banking turmoil, the markets braced for the debt-ceiling showdown.
- The impacts of the Fed’s past actions are yet to be felt in the economy. Long-bond yields won’t return to the highs reached last Fall.
- We maintain a longer duration than that of our benchmark, coupled with overweights in corporate and municipal credit.
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.
