Commentary – Mackenzie Fixed Income Team | Mackenzie Investments

Commentary – Mackenzie Fixed Income Team

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Why Choose a Bond Fund Over a GIC?

During times of market volatility, the natural tendency for investors is to shift their mindset from capital growth to capital preservation.

April 3, 2019 Bookmark the Web Page, Why Choose a Bond Fund Over a GIC? Add to My Bookmarks

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The Chief Fixed Income Strategist’s Views on the U.S. Yield Curve

In the last 24 hours a portion of the US Treasury curve has inverted, namely the 2s – 5s sector, by a couple of basis points. Most market watchers would not classify the 2s- 5s inversion as the key metric for curve inversion or the economic outlook, preferring to watch the 2s – 10s space as a better barometer of (possible) signs to come. Nevertheless, the inversion has caught the attention of many.

December 4, 2018

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(Login Required)Investing in bank loans as the credit cycle matures

Floating rate loans (also known as bank loans, leveraged loans and term loan Bs) are debt instruments used by corporate borrowers as an efficient alternative to lines of credit.

November 21, 2018 Bookmark the Web Page, Investing in bank loans as the credit cycle matures Add to My Bookmarks

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Market Insight: Inflation-Linked Bonds

One risk of investing in traditional or nominal bonds, which pay a fixed coupon and mature at par value, is that inflation can erode the purchasing power of the interest and principal over time. Inflation-linked bonds provide protection against this risk by linking the interest and principal to prevailing inflation rates during the bond’s term.

December 14, 2018 Bookmark the Web Page, Market Insight: Inflation-Linked Bonds Add to My Bookmarks

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The Looming Pension Crisis: Why it Matters and How to Prepare

Retirement planning requires plenty of thought and substantive analysis. Many pieces of that process include vague estimates about potential return, potential income growth, potential life span, and potential spending habits and obligations. Even for financially literate people, it is challenging to deal with that many unknowns and non-linear relationships.

May 31, 2018 Bookmark the Web Page, The Looming Pension Crisis: Why it Matters and How to Prepare Add to My Bookmarks

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Q4 2018 Commentary

The focus for markets through much of the fourth quarter was the political drama surrounding the US tax bill and, of course, the price of Bitcoin. The US tax bill was debated and passed by both the House and Senate, and signed by President Trump before year-end. 

December 31, 2018 Bookmark the Web Page, Q4 2018 Commentary – Mackenzie Fixed Income Team Add to My Bookmarks

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Q3 2018 Commentary

This year, US stock markets seem to have given investors somewhat distinctive price action in each quarter. In Q1 there were large swings in volatility and prices, after what had been a low volatility experience in 2018.

November 1, 2018 Bookmark the Web Page, Q3 2018 Commentary – Mackenzie Fixed Income Team Add to My Bookmarks

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Q2 2018 Commentary

The first half of 2018 presented investors with potential reasons to be either optimistic or uncertain about markets looking ahead. On the one hand, the domestic growth story in the US seems to be relatively strong, braced by the tax cuts, fiscal, and deregulation agenda put in place by the Trump administration.

June 30, 2018 Bookmark the Web Page, Q2 2018 Commentary – Mackenzie Fixed Income Team Add to My Bookmarks

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Q1 2018 Commentary

The first quarter of this year was ushered in by strong stock markets, rising inflation and interest rate expectations, and the appointment of a new chairman of the US Federal Reserve. After a prolonged period of low volatility for stock markets, prices began to wobble the very week in early February that Jerome Powell was sworn in at the Fed. Market volatility became the story through the rest of the quarter.

March 31, 2018 Bookmark the Web Page, Q1 2018 Commentary – Mackenzie Fixed Income Team Add to My Bookmarks

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