The market is already pricing the upcoming monetary tightening. A rather neutral duration seems appropriate. Find out why.
Key takeaways from this month's comment by Alexandre Morin:
- After a brief respite in May, the 50 basis point June 1st rate hike by the Bank of Canada ushered yields back above 3% for most parts of the yield curve in Canada
- Inflation concerns spread further throughout the globe in May, growing the number of central banks expected to raise rates this year