The Globe and Mail
August 15, 2023.
Andrew Feindel, Portfolio Manager and Investment Advisor with Richie Feindel Wealth Management at Richardson Wealth, discusses with the Globe and Mail that he no longer sees inflation and interest rates as the biggest threat to bond performance. In his view, the big question is whether Canada goes into a recession and, if so, how severe.
Feindel notes that “while high yield means it’s paying higher, it also comes with a higher risk of default. If we head into a recession, then some lower-grade bonds may default. But longer duration investment grade bonds do well in a recession.”
*Globe Advisor subscription required.
