Apr 9, 2024 | Monthly Commentaries
‘I haven’t been everywhere, but it’s on my list.’ Susan Sontag As bond nerds, we are constantly engaged in discussions with allocators and investors about their fixed-income portfolios. Three years ago, when interest rates were close to zero, these conversations were...Mar 12, 2024 | Monthly Commentaries
Shemika Campbell holds the word limbo record at an astonishing 21.59 cm (8.5 inches). The Guinness Book Barring a reacceleration of inflation, it seems safe to assume that we have seen the last of the interest rate hikes in this cycle. Both Governor Macklem and...Feb 9, 2024 | Monthly Commentaries
“It’s a riddle wrapped in a mystery inside an enigma.” Winston Churchill We have long maintained that inflation is a complex and mysterious beast. With so many moving parts, it is nearly impossible to model and predict. A task made even more difficult these...Jan 9, 2024 | Monthly Commentaries
“Great success breeds a lot of things, including sequels.” Dwayne ‘The Rock’ Johnson This time last year, 2023 was being touted as the ‘Year of the Bond’. Elevated yields offered investors attractive income and the prognosticators were forecasting rate cuts to start...Dec 13, 2023 | Monthly Commentaries
“We make a living by what we get, but we make a life by what we give.” Winston Churchill In the spirit of the holiday season, we decided to forego the usual musings that we begin our commentaries with, to highlight a cause that is near and dear to us. Over the past...Nov 9, 2023 | Monthly Commentaries
“The four most dangerous words in investing are: ‘this time it’s different’.” Sir John Templeton It is an exciting time to be a bond nerd. After a few of the most volatile years we have ever seen, it now appears that we are in the midst of a paradigm shift in...
