Content (67)
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White papersU.S. Economy: All Noise and No Signal?
Although the government shutdown has officially ended, economic observers and market participants have had over 40 days with virtually no official economic statistics from the government. Moreover, government data will likely still be affected even after the government reopens due to interruptions in the data collection process. The shutdown itself is expected to distort the data, as a significant number of federal workers saw no paychecks, reduced spending and filed for unemployment benefits (that need to be repaid).
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White papersMIM Q3 2025 Investment Grade Corporate Market Review and Outlook
MetLife Investment Management’s investment grade corporate credit platform delivered strong results in Q3 2025, supported by resilient investor demand, renewed appetite for duration and the Federal Reserve’s pivot toward rate cuts. Quarterly issuance reached $397 billion — 23% above the four-year average — with September’s $214 billion total ...
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White papersGlobal Outlook 2026
We expect that growth will be modestly positive throughout 2026. The wealthier strata of consumers continue to spend, supported by the strong market valuations and stability in the labor markets.
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White papersRelative Value & Tactical Asset Allocation – Q4 2025
Turbulence in growth resulting from U.S. policy vacillations continues to drive expectations for global activity and inflation risks. Although initial tariff announcements resulted in a significant equity market downturn and a surge in volatility, financial markets have recovered and rallied. However, the tariff impact on data is likely to lag survey and other data, suggesting that we are unlikely to see a significant acceleration in economic activity anytime soon.
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White papersMIM Short Duration Commentary Q3 2025
MetLife Investment Management’s Q3 2025 Short Duration Quarterly Commentary provides an informed look at how shifting macro and sector trends shaped short-term fixed income strategies.
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White papersMIM Q3 2025 Private Credit Quarterly Review and Outlook
MetLife Investment Management originated approximately $11.5B across private credit markets in Q3 2025, driven by strong investor demand and disciplined execution across corporate private placements, infrastructure debt and asset-based finance. Activity remained diversified across sectors, supported by attractive spreads, stable credit fundamentals and an improving interest rate outlook. ...
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White papersMIM 2Q 2025 Private Credit Quarterly Review and Outlook
Private Credit markets delivered robust performance through the first half of 2025, driven by exceptional investor demand and recordbreaking transaction volumes. Despite elevated interest rate volatility and shifting macroeconomic conditions, market participants demonstrated resilience with more than $50 billion of corporate transactions recorded year-to-date.
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White papersMo’ Money, Mo’ Problems
With the debt ceiling no longer an issue, the Treasury is set to increase issuance to raise the cash balance in the general account. Treasury intends to use more bills instead of coupon financing. This shift in strategy may pressure the Federal Reserve to adjust its portfolio, which currently holds a much lower proportion of bills than the overall Treasury market. July saw a record $27.7 billion in tariff revenue, yet tariffs remain a minor part of federal government receipts.
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White papersGlobal Risks 2025 Midyear Update
In our Global Risks 2025 Midyear Update, our Macro Strategy team outlines four key topics that could shape investment conditions ahead—from tariffs and trade tensions to monetary policy shifts and the U.S.-China relationship. The update provides key macroeconomic forecasts across the U.S., Eurozone, UK, Japan and China—plus timely insights on fiscal stimulus, inflation risks and geopolitical fragilities.
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White papersQ2 Pension Funding Status
MetLife Investment Management (MIM), the institutional asset management business of MetLife, Inc., estimates that, as of June 30, 2025, the average U.S. corporate pension funded status rose to 105.1%. This was up 2.1% from 103.0% as of March 31. MIM manages approximately $600 billion in total assets under management, including over $30 billion of long duration and liability driven investments.
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White papersEmerging Markets Debt: Is It What Your Asset Allocation Needs?
Emerging Markets (EM) may be uniquely positioned to help portfolios with income and return potential within a world of many changes. One supportive tailwind for Emerging Markets Debt (EMD) is the fading of U.S. exceptionalism — a period when U.S. economic growth and asset returns attracted enough of the world’s capital to more than compensate for the potential negative effects of large trade and fiscal deficits.
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White papersRelative Value & Tactical Allocation Q3
MetLife Investment Management expect a more moderate decline in economic activity as the shock from “Liberation Day” tariffs fades and, as policy evolves toward an end state, consumers and businesses begin to behave more normally after initially pulling back sharply in response to the volatility.
