All Credit articles
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WebinarPlayback | Time for Europe! Reforms, Resilience, Rebalance
During this webinar, our experts Amaury D’Orsay, Head of Fixed Income & Money Market investments, Barry Glavin, Head of Equity, and Didier Borowski, Head of Macro Policy Research discussed how Europe is laying the foundations for sustainable, long-term economic momentum and why it should be increasingly regarded as an attractive diversification* opportunity for international investors’ portfolios.
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White papersQ4 2025 Private Credit Quarterly Review and Outlook
MetLife Investment Management’s Q4 2025 Private Credit Quarterly Review and Outlook highlights a resilient and active market environment supported by strong issuance, solid investor demand and stable macroeconomic conditions. The full report provides a sector-by-sector look at how markets performed, and what investors can expect entering 2026.
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White papers2026 credit thoughts – here comes the capex …
Competition for capital is heating up. Persistent government deficits combined with a long overdue acceleration in corporate capex means bond markets face a wave of new supply. Is this a risk or opportunity?
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White papersEmerging-Market Corporates: Renowned for Resilience
Emerging-market (EM) corporates have a track record of resilience across market cycles. For over a decade, EM corporate bonds have allowed for participation in rising markets, while exposing investors to less downside during market downdrafts. This is due to an especially pronounced inherent barbell structure that balances interest-rate risk with credit risk, providing independent sources of return that are negatively correlated to each other.
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White papersHigh Yield: Investing in a transformed credit ecosystem
The structural evolution of the high yield market, driven by a transformed borrower universe, improved liquidity, stronger fundamentals, and a more diverse array of financing alternatives, has reshaped this asset class into something very different from its origins.
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White papersQ4 2025 Investment Grade Corporate Market Review and Outlook
The U.S. fixed income market demonstrated considerable resilience in the face of persistent economic uncertainty and a U.S. government shutdown. Fourth quarter returns within the investment grade credit space were mixed though, with excess returns modestly negative (-0.02% excess return) and total returns that were positive (0.87% total return) – supported by a dovish Federal Reserve policy stance, expectations for rate cuts and strong investor appetite for relatively attractive yields.
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White papersDebts, deficits and disruptors: Revisiting the opportunity in government bonds
Focus over the past decade has been heavily concentrated on credit markets, however, we believe there is an often overlooked opportunity in the government bond market that may warrant further attention. As much as 2022 bruised investors, with the big correction seen in government bond markets as interest rates rose rapidly, we believe now may be a good time to revisit the asset class in both developed and emerging markets, particularly as credit markets become less exciting.
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White papersEmerging market debt: strength and selectivity amid global shifts
Emerging market fundamentals remain robust, but broader global macroeconomic developments are leading us to a more selective approach to positioning portfolios.
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White papersFederal Reserve Chair Nomination: Kevin Warsh
Looks at what a potential Kevin Warsh nomination could mean for Fed policy direction and market expectations.
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VideoSpreads, value and our credit outlook
In a new video, our three heads of fixed income discuss credit spreads, dispersion, and the widening gap in quality and duration between high yield and investment grade – and what this all means for credit markets moving forward.
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White papersThe case for infrastructure debt: Stable income in a changing world
Infrastructure underpins the 21st century global economy. From power networks and digital connectivity to renewable energy and social assets, infrastructure provides critical services with long-term demand drivers. These assets are often supported by regulated frameworks or long-term contracts that deliver returns through economic cycles.
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White papersNavigating uncertainty: The case for active in fixed income
Benjamin Franklin said “the only thing certain in life is death and taxes”. We might add ‘market uncertainty’ to that. From the pandemic to the trade war, investors are constantly having to adapt. When volatility and uncertainty are the watchwords of the day, active management in fixed income investing could be more important than ever.
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White papersEU risk retention rules – implications for US securitised credit investors
The European Union Securitisation Regulation (EUSR) took effect in 2019 (concurrently with an equivalent UKSR framework for UK investors). EUSR imposes compliance obligations on many EU-regulated entities, including UCITS (Undertakings for Collective Investment in Transferable Securities) funds, which invest in securitised assets.
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White papers2026 Fixed Income Default Study: Proprietary analysis conducted by our dedicated team of career credit analysts
We’ve just published our 2026 Fixed Income Default Study covering global high yield, Asia and emerging markets.
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VideoTalking Markets – Premier Miton (Ireland) Global Dynamic Credit Fund
What will steer bond markets in the months ahead? Lloyd Harris, Fund Manager of the Premier Miton (Ireland) Global Dynamic Credit Fund, shares why he believes the US is poised to stimulate both the economy and markets, and what this could mean for interest rates, credit spreads and bond valuations. He also considers the geopolitical risks currently sitting in the background, how these could feed through into higher commodity prices, and why that matters for inflation and bond investors.
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White papersSpillovers of the “K-shape” consumer to securitized debt markets
Explores how uneven consumer spending is affecting performance across securitized credit segments.
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White papers2026 Investment Grade Private Credit: Annual Review and Outlook
Investment grade private credit enters 2026 with steady supply and healthy investor demand, creating a constructive yet selective outlook. Elevated rates and shifting sector dynamics underscore the need for disciplined underwriting and a focus on risk-adjusted opportunities.
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White papers2026 Emerging Market Debt Outlook: Strengths Endure
For all the shifts in macroeconomic risk factors that swayed market sentiment last year, most credit markets delivered on expectations for carry-driven returns in 2025. Emerging market (EM) debt was an exception, recording strong excess returns in addition to carry driven by supportive market technicals along with fundamentals that have withstood macroeconomic risks.
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PodcastHow the AI Debt Supercycle Is Reshaping Credit Markets
AI-related bond issuance is surging, reshaping the opportunity set for fixed-income investors. In addition to robust U.S. growth, constrained inflation, and an attractive opportunities beyond the U.S., investors must also navigate greater tail risks, more complex financing structures, and rising political uncertainty around AI and energy use.
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White papersIn Credit Weekly Snapshot – Enough is enough
The Japanese yen was in the spotlight this week, with the exchange rate prompting ‘verbal intervention’ by the US and speculation that physical intervention – from both the US and Japan – will follow. Read on for a breakdown of fixed income news across sectors and regions.
