“We think bond yields are near the high end of their present range and therefore have maintained a duration that is longer than that of our benchmark.” — Alexandre Morin, iAGAM
Key Takeaways:
- Bond yields sell off on central bank repricing in the wake of regional bank turmoil and stronger economic data.
- The impact of past interest rate hikes will be felt in the economy and will be favourable for bonds.
- The portfolio has a longer duration than its benchmark and an overweight in quality 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.
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