Category: Sector Views

Corporate Credit Quarterly Second Quarter 2026 Corporate credit has navigated a volatile start to 2026 with resilience. A brief but sharp widening in spreads has since reversed, with markets returning...

Fixed-Income Sector Views Second Quarter 2026 Despite geopolitical volatility and the evolving energy supply shock caused by the conflict in the Middle East, our macroeconomic view remains intact for now. Our...

Corporate Credit Quarterly First Quarter 2026 Overall, we see a positive backdrop for corporate credit in 2026. Solid U.S. economic growth, broadening corporate profitability, and easing inflationary pressures should benefit...

Fixed-Income Sector Views First Quarter 2026 The economic backdrop for portfolio positioning is broadly supportive for fixed income, with solid growth and moderating inflation. Our baseline U.S. economic outlook projects...

High Yield and Bank Loan Outlook Fourth Quarter 2025 Credit markets remained steady through the fall, supported by resilient growth and improving sentiment following the April tariff policy shock. Year-to-date...

Fixed-Income Sector Views Fourth Quarter 2025 As the economy slows and the Federal Reserve (Fed) continues to ease, credit offers attractive yields, potential price appreciation, and diversification to help buffer downside...

High Yield and Bank Loan Outlook Third Quarter 2025 Leveraged credit continues to offer compelling opportunities, but emerging challenges make active management, rigorous credit selection, and a focus on higher...

Fixed-Income Sector Views Third Quarter 2025 The macro backdrop remains supportive for fixed income and credit. Our positioning continues to prioritize diversification with a high level of income generation. As...

Fixed-Income Sector Views First Quarter 2025 Entering 2025, bond yields remain attractive amid a resilient U.S. economy and uncertainty over policy shifts from the incoming administration. This is a broadly...