“We think inflation is going to be a bit sticky at the current elevated levels and probably won't peak until Q1 2022, but will move back below 2.5 % for the third and fourth quarters next year”, predicts CIBC’s Patrick O’Toole.

What’s an investor to do?

In this new video, Patrick 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.

Video | Transcript