October 20, 2026
Higher Bond Yields cause allocators to re-evaluate
KEY SUMMARY POINTS
- Higher bond yields have improved the attractiveness of government bonds. As yields reached more compelling levels, portfolios increased exposure to government bonds and eliminated their previous underweight position.
- Portfolio positioning has moved closer to neutral. Equity exposure was reduced modestly, reflecting a more balanced asset allocation approach amid evolving market conditions.
- As part of the portfolio strategy, adjustments were implemented while maintaining a neutral duration stance. This positioning has been consistently applied across CI Global Income & Growth, CI Canadian Income & Growth, and CI Canadian Asset Allocation.
About the Author
Curtis Dwyer is Vice President, Investment Strategy at CI Global Asset Management, where he is responsible for helping advisors and investors navigate markets through portfolio construction insights, macroeconomic analysis, and investment strategy guidance. He works closely with CI GAM’s portfolio management teams to communicate market views, investment positioning, and portfolio solutions across a range of equity, fixed income, and multi-asset strategies. With experience spanning institutional and wealth management environments, Curtis brings a practical perspective to market and investment discussions, helping advisors translate complex economic and market developments into actionable portfolio decisions. His areas of focus include asset allocation, portfolio construction, behavioral finance, retirement income strategies, and the role of diversification in long-term investment success
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