SEI recently added additional exposure to our yield curve steepener theme through an option-based implementation.

The position was implemented in an option-like structure with limited downside risk, and provides similar exposure to our existing steepener positions. Given our longer-term view of growth and inflation, coupled with the current extreme level of flatness (or inversion), we believe the term premium is likely to normalize and the yield curve is likely to steepen. Therefore, SEI continues to hold the view that this is an opportune time to remain positioned for an eventual normalization to a steeper yield curve. The addition of this new position provides us greater exposure to one of our higher conviction themes.
 

Important information

This material represents an assessment of the market environment at a specific point in time and is not intended to be a forecast of future events or a guarantee of future results. This information should not be relied upon by the reader as research or investment advice and is intended for educational purposes only. There are risks involved with investing, including possible loss of principal. Diversification may not protect against market risk.

Certain economic and market information contained herein has been obtained from published sources prepared by other parties, which in certain cases have not been updated through the date hereof. While such sources are believed to be reliable, neither SEI nor its affiliates assumes any responsibility for the accuracy or completeness of such information and such information has not been independently verified by SEI.

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