All Credit articles – Page 3
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White papersHigh Yield: When Boring Is Better
Elevated yields and conservative balance sheets are helping high yield stay resilient amid trade uncertainty.
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VideoInvestment Grade Credit: Panel Discussion with Mercer, LGPS Central & Capital Group
Capital Group participated in Asset TV’s Investment Grade Credit panel alongside Mercer and LGPS Central, sharing insights on global credit dynamics, private credit, sector resilience, and how institutional investors are navigating today’s evolving IG credit landscape.
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White papersThe need for stronger US fiscal policy
US Treasury bonds have long provided domestic and foreign investors a modest yield that was assumed to be risk free. Yields (and thus prices) could be volatile, but the risk of the US government defaulting on its debt was regarded as so low that US Treasury yields became a benchmark for all other government and corporate debt: If the US government had zero risk of default, the default risk of any other borrower could be simply measured by looking at the additional yield it offered over a comparable Treasury security.
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White papersIn Conversation – Navigating the shifting landscape of private debt
Against a backdrop of wider macroeconomic uncertainty, investment in private credit in Europe continues to grow, supported by a broadening range of asset classes as well as welcome regulatory developments. Here, our infrastructure investment experts discuss their views on the road ahead for infrastructure investing.
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White papersPrivate credit: how technology can drive efficiencies
We’ve seen the growth in the private credit market, what are some of the key drivers?
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White papersThe changing world of institutional credit
The traditional boundaries between public and private lending are rapidly dissolving, creating new opportunities – and new challenges – for investors.
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White papersEnvisioning a post-Powell Fed: What comes next?
With characteristic directness, President Trump has expressed dissatisfaction in recent weeks with the job performance of Federal Reserve Chair Jerome Powell. Serious or not, this kind of talk has investors speculating on what’s next for the US central bank and what a changing of the guard could mean for the economy and markets — whether that change comes at the end of Powell’s term as chair in May 2026 or sooner.
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White papersEuropean IG Credit: Opportunity in a Shifting Landscape
Appealing fundamentals, elevated yields and active management opportunities are drawing investors to European investment grade credit.
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White papersShifting Dynamics in the CRE Lending Market
We see an array of differentiated opportunities across the commercial real estate credit market.
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White papersCLOs: Navigating a Bifurcated Market
The CLO market remains well-supported, but caution is warranted as the path forward will likely be shaped by both macroeconomic forces and deal-specific characteristics.
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White papersWhy the dollar deserves more credit
In a recent paper, we argued that sustained weakness in the US dollar would require clear evidence of narrowing real interest rate or growth differentials between the US and its major trading partners—conditions that have yet to fully materialise. Since then, the narrative around the weak dollar has continued to gain traction, but much of the perceived dollar weakness is actually a reflection of euro strength, which may now be overextended.
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White papersWhy are credit spreads so tight?
1) Liquidity: This is the overriding factor, which is normally the case in markets. It is no surprise that markets are rallying like it’s QE, because this is QE! The Treasury General Account (TGA) has been run-off to the tune of c$500bn over the last few months driven by the U.S. hitting the debt ceiling. When this happens, the country is unable to raise enough debt to fund itself.
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White papersPrivate Credit Outlook: Five Lessons Learned
Some say private credit hasn’t been tested. We disagree…and stress can sharpen the senses.
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White papersUnmasking the potential: navigating opportunities, myths and strategies in EM Private Credit
Private Credit has grown c.10-fold since 2008, but funding shortages remain particularly pronounced in Emerging Markets (EM), which hold c.90% of the global population and c.50% of GDP but less than 10% of Private Credit AuM.
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White papersQ2 2025 Investment Grade Corporate Market Review & Outlook
Mixed Signals, Compressed Spreads: What’s Next for Credit Investors?
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White papersMIM Short Duration Q2 2025 Recap, Portfolio Actions & Outlook
MetLife Investment Management’s Q2 Short Duration Quarterly Commentary offers an eye-opening recap of our thinking, insights and action around the shorter end of the yield curve. In a market consumed by the Fed’s wait-and-see stance, debates over monetary policy and uncertain regulatory and trade environments, the report’s macro themes include:
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White papersStructural shifts in Europe’s credit ecosystem
With Europe standing at a critical juncture, Zachary Swabe and Jakob von Kalckreuth evaluate its evolving corporate funding markets, with particular consideration to the potential implementation of a capital markets union. They also consider current and future opportunities across high yield, syndicated loans and direct lending.
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VideoDirect Lending: Key Takeaways from SuperReturn International
In this interview from SuperReturn International, Tyler Gately and Stuart Mathieson discuss their takeaways from the conference and explore the key themes driving direct lending markets today—from slower M&A activity to navigating economic and geopolitical uncertainty.
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White papersWhy should investors consider the secondary market for private credit opportunities?
Marco Busca, Head of Indirect Private Debt, Generali Asset Management - part of Generali Investments - explains why the secondary market elevates the benefits of private credit for institutional portfolio. He also introduces the recently launched Generali Private Credit Secondaries Fund, which aims to provide opportunities in a burgeoning market that targets both LP-led and GP-led transactions.
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White papersA Framework for Structuring a Blended Finance Fund
This paper aims to provide a comprehensive framework for structuring blended finance funds, which are becoming increasingly important mechanisms for channeling private capital toward impactful projects in developing countries. The paper explores several key dimensions.
