U.S. Fixed Income

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Based in Miami, BMO’s U.S. Fixed Income team employs both a top-down and bottom-up process across sectors, securities and yield curve positioning within U.S. fixed income markets. Their research-driven, time-tested, and repeatable investment process is designed to capture inefficiencies in the market and deliver outperformance across multiple market cycles.

An integrated team-based approach

Open dialogue across portfolio management, research and trading facilitates real-time relative value driven investment decisions.

 

Alpha from diversified sources

Employing a relative value framework, we believe value can be captured at the cross section of top-down and bottom-up disciplines, across sector, security and yield curve positioning.

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Nimble with a singular focus

Our team’s culture and size affords us access, flexibility and real-time execution.

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Transparent portfolio construction

We focus on cash securities and avoid leverage, shorting and credit derivatives with an aim to generate alpha from security selection. The result is a high level of portfolio conviction and transparency to investors.

U.S. Fixed Income insights

Global Equities
Woman wearing white face mask in public
August 2021

Diverging vaccination rates a concern for emerging markets

The recovery in emerging markets has taken a turn for the worse over the last two months. The IMF downgraded its GDP forecast for emerging economies by 0.4%.
Market chart YTD performance US vs non US stocks

YTD Performance: U.S. vs non-U.S. Stocks

While year-to-date returns for U.S. and non-U.S. equities have been in tandem for much of the year, the performance gap has widened in recent months.
Global Equities
Checking charts on the screen
July 2021

The stock market is in perpetual motion

And so the merry-go-round continues. Government debt piles up whilst interest rates sink well below the prevailing rate of inflation. Real yields? A fading memory.
Fixed Income - Government Bonds
An overhead look at a highway interchange in the Los Angeles area
July 2021

Let’s make an (infrastructure) deal

Fixed Income - Government Bonds
A woman counting on a calculator
June 2021

Inflation: transitory, persistent – or both?

Fixed Income
Coronavirus vaccine
June 2021

June 2021 BMO Fixed Income Market Update

We witnessed significantly higher inflation than expected, including the highest monthly core inflation print in four decades, as well as a jobs report that underwhelmed projections so badly it shifted the narrative on unemployment policy.
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