Assume I have a password manager that stores the credentials for a login to a 3rd party service. In this credentials the username, password and a TOTP-seed is stored and the current TOTP-token is displayed at all times and refreshed accordingly (Note that such a password manager does not exist).
Is authenticating to the service with this credentials then still considered to be 2-factor authentication, because I can present the password and the correct TOTP-token, or a 1-factor authentication, because both of them get reduced to possesing the access to the password manager account?