Commentary – Mackenzie Fixed Income Team | Mackenzie Investments

Commentary – Mackenzie Fixed Income Team

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The Looming Pension Crisis Part II: Government Pension Plans

The second paper in our pension series focuses on the preparedness and ability of governments to deal with pension challenges.

June 28, 2019 Bookmark the Web Page, The Looming Pension Crisis Part II: Government Pension Plans Add to My Bookmarks

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Global Macroeconomic Update

As many readers will recall, we’ve been bullish on the notion of a US – China trade deal.

May 1, 2019 Bookmark the Web Page, Global Macroeconomic Update Add to My Bookmarks

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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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Is it Time for a New Fixed Income Approach?

Fixed-income investing is at a crossroad. Bond strategies that have served investors well for several decades are now poised to fall short in delivering on some or all of the traditional objectives for fixed-income allocations: to provide an income stream, preserve capital and mitigate equity volatility.

April 28, 2017 Bookmark the Web Page, Is it Time for a New Fixed Income Approach? Add to My Bookmarks

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Mackenzie Professional

Q1 2019 Commentary

The equity and credit market volatility of Q4 2018 made a complete 180 degree turn in the first quarter of the new year. While a fair amount of the blame for the sell-off that ended 2018 lays at the feet of the Federal Reserve and its hawkish monetary policy stance at the time, the ensuing bounce this year is mainly thanks to the Fed’s “dovish” pivot.

March 31, 2019 Bookmark the Web Page, Q1 2019 Commentary – Mackenzie Fixed Income Team 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 2019 Commentary – Mackenzie Fixed Income Team Add to My Bookmarks

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