“We expect bond-yield volatility to offer multiple opportunities this winter to position our portfolio on short and long durations alike.” — Alexandre Morin
Key Takeaways:
- Bond-yield volatility was again high during the fourth quarter.
- The first quarter of 2023 could also be highly volatile because the central banks have not yet finished raising their overnight rates.
- We are starting the year short duration and overweight credits.
Alexandre Morin, CFA
Senior Director, Portfolio Manager, Fixed Income, iAIM
