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Bond Fund | Mid-summer dreams of a U.S. Fed pivot give way to the realities of persistently high inflation

September 21, 2022

“We recently unwound our flattening bias because we think the Bank of Canada will slow the pace of its rate hikes after its September meeting, making the flattening positioning less compelling.” — Alexandre Morin


Key takeaways from his comment:

  • Central bankers set the record straight, with U.S. Federal Reserve Chair Jerome Powell making it clear that a pivot is not in the cards.
  • Risk assets responded negatively to these hawkish comments.
  • The Fund’s duration is a little longer than its benchmark; we think most of the curve flattening is behind us.

Read the full article




Alexandre Morin, CFA
Senior Director, Portfolio Manager, Fixed Income, iAIM



Topic : Portfolio Managers

Written by iAIM

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