Alt Thinking September 10, 2026
Video Commentary
Print/PDF Print/PDF

Ninepoint Fixed Income Outlook

Fixed Income Outlook - September 2026
Investment Team
  • Mark Wisniewski
    Partner, Senior Portfolio Manager
    Mark Wisniewski
    Partner, Senior Portfolio Manager
    Mark Wisniewski is Partner and Senior Portfolio Manager at Ninepoint Partners and oversees the firm’s Fixed Income team and investment strategies. Prior to Ninepoint’s formation, Mark was with Sprott Asset Management (SAM) from 2015, rounding out more than 30 years of investment industry experience, specializing in fixed income. Prior to SAM, Mark was a Portfolio Manager specializing in alternative credit products at GluskinSheff & Associates, where he managed $1.3 billion across several...
    View Full Bio
  • Etienne Bordeleau-Labrecque, MBA, CFA
    Vice President, Portfolio Manager
    Etienne Bordeleau-Labrecque, MBA, CFA
    Vice President, Portfolio Manager
    Etienne Bordeleau-Labrecque is Vice President, Portfolio Manager at Ninepoint Partners. With over 10 years of expertise across equities, interest rates and credit, he now focuses primarily on the firm’s Fixed Income franchise. Prior to Ninepoint’s formation, Etienne was with Sprott Asset Management (SAM) from 2012, where he worked as an Analyst and Associate Portfolio Manager, covering North American equities in the financial, energy, utility and health care sectors. From 2008 to 2011, Étienn...
    LinkedIn View Full Bio
  • Nick Warwick, MBA, CFA
    Associate Portfolio Manager
    Nick Warwick, MBA, CFA
    Associate Portfolio Manager
    Nick Warwick is an Associate Portfolio Manager at Ninepoint Partners. Prior to Ninepoint, Nick was with TD Asset Management as a credit analyst covering the global oil & gas and non-North American financials sector. Past sector coverage includes pipelines, utilities, and industrials. Prior to his time at TD Asset Management, Nick worked for TD Securities on a foreign exchange sales desk in addition to a fixed income sales desk. Nick holds a Bachelor of Arts Degree from Queen's University...
    View Full Bio
Key Takeaways
  • Iran war is pushing oil prices higher, driving headline inflation concerns for central banks.
  • Inflation trends diverge between Canada and the US, with the BoC adopting a more hawkish stance in response.

September 2026

In this month's Fixed Income video commentary preview, Etienne Bordeleau discusses the current state of the fixed income market, focusing on inflation trends, central bank responses, and market dynamics. He highlights the ongoing war in Iran, rising oil prices, and the implications for inflation metrics in Canada and the US. The conversation also touches on the Bank of Canada's recent hawkish stance and the US Treasury's actions in the bond market, providing insights into future market expectations and investment strategies.

Key Topics Covered 

  • The war in Iran is impacting oil prices significantly.
  • Central bankers are increasingly concerned about headline inflation.
  • The breadth of inflation is a key metric being monitored.
  • There is a notable divergence in inflation trends between Canada and the US.
  • The Bank of Canada has adopted a more hawkish stance recently.
  • Market reactions to central bank communications can be volatile.
  • The US Treasury is actively managing long-term bond yields.
  • September is a crucial month for corporate bond issuance.
  • Investment strategies are becoming more selective in the current market.
  • Overall fund characteristics have not changed significantly.