Patrick O’Toole joined CIBC Asset Management in May 2004. He is a member of the Global Fixed Income team, operating from within the firm’s Investment Management Platform.
The bond market could derail policy-makers' plans if longer-term yields spike.
With default risk down, corporates should beat sovereigns again.
In this video, CIBC Asset Management's Patrick O'Toole (Vice-President, Global Fixed Income) talks about what’s likely to move inflation and bond yields, and why longer-term interest rates may head a bit higher in 2022. He also discusses why fixed income remains a vital portfolio component and how investors should think about the asset class in today’s environment.
Investors should consider long-term trends, not pandemic ones.
With default risk down, corporates should beat sovereigns again.
Corporates should beat sovereigns this year, but choosing winners will be harder.
Investors should be shielded as long as they’re diversified.
Amid central bank support, threats remain for investors.
An improving economy means the best opportunity may have passed.
CIBC Asset Management’s Patrick O’Toole reveals why corporate bonds are expected to outperform government bonds over the next 12 months, and by how much. He also discusses how the bond market perceives defaults as a lagging indicator and how energy and retail firms have suffered the most.