“Because long-term bonds look more appealing than they did earlier this year, we are using the backup in yields to slowly build a longer-duration position for our portfolios.” — Alexandre Morin, iAIM
Key Takeaways:
- Strong economic data forced the markets to reassess their views on central banks.
- Bond yields were sharply up during the month.
- Credit spreads held steady during the month.
Alexandre Morin, CFA
Senior Director, Portfolio Manager, Fixed Income, iAIM
