What's Up (or Down) With Bonds?

What's Up (or Down) With Bonds?

May 17, 2022

With this SIA Surveillance communication, we seek to provide insights we gain from interactions with our trusted investment managers. While the up and down swings in stock prices capture headlines, the bond market is also experiencing a unique bout of volatility. In turn, we welcomed a timely visit last week with representatives from BlackRock. BlackRock is one of the world’s premier investment managers with over $9 trillion in assets under management.

Gregory R. Kurek
Director & Sr. Fixed Income Market Strategist

Tyler Campbell and Gregory Kurek joined members of SIA’s Investment Committee in our office to discuss a range of topics. Tyler is a member of BlackRock’s regional team that provides support to SIA by connecting us with BlackRock’s vast team of investment professionals like Greg. Greg is a member of the Multi-Sector Fixed Income Product Strategy Team for Global Fixed Income based in New York.

He is dedicated to the firm’s multi-sector mutual fund offerings including BlackRock’s Core Bond, Total Return, Strategic Income Opportunities and Strategic Global Bond funds.

Because Greg has been studying and working with bond markets for more than 30 years, our team was eager to review our current bond strategies with him and use his insights to evaluate our current positions. Our discussions ranged from his view on global economic growth, bond market liquidity and inflation, to how the path of interest rates might impact bond portfolios, which may impact SIA’s strategy in the future.

While this year’s negative returns from most bond market segments is highly unusual, these discussions provided reassurance that this asset class remains a critical component of client asset allocation strategies.

Key to SIA’s investment success is our willingness to nurture relationships with such trusted investment professionals with whom we place client assets. By leveraging information and insights gained from these meetings we remain confident that client portfolios are managed most effectively.