All Fixed Income 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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PodcastThe Great Bond Divergence: Opportunities Across Curves, Countries, and Credit
Global bond markets are starting to diverge again. After years of moving in near lockstep, correlations are breaking down as political and fiscal paths split across regions. The balance for investors is pursuing income, diversification, and flexibility without making an all-or-nothing “sell the U.S.” call.
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White papersFixed Income: The Calm Before the Storm?
Fixed income markets have shown relative calm versus other risk assets since the start of the year. That is unlikely to last, creating challenges and opportunities.
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White papersHow to spot an AI bubble
If the recent spate of TV ads promoting artificial intelligence sparked a feeling of déjà vu, you’re not alone. Dot-com start-ups in 2000 and cryptocurrency companies in 2022 dominated TV commercials shortly before both suffered epic meltdowns.
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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 papersWhy Today’s Environment Favors Mortgage-Backed Securities
A strong housing market and supportive federal policy could benefit US mortgage-backed securities.
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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 papersAI world of opportunities
Highlights how AI is reshaping global markets, creating investment opportunities across multiple sectors.
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White papersPrivate Debt: A Valuable Allocation for DC Pension Schemes
As UK DC schemes increase allocations to private markets, we believe the benefits of private debt in the accumulation and decumulation phases should make it a key consideration for investors.
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White papersUS high-yield: Embracing credit divergence, unlocking opportunities
The US high-yield bond market has moved up in quality. We believe healthy fundamental and technical factors in 2026 will continue to underpin it in 2026. Carry should again drive returns, but there is likely to be more variety in returns across sectors, credit ratings and bond issuers, writes Jack Stephenson, Investment Specialist for US High-Yield.
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White papersUnleashing the potential: Navigating local currency EMD with active management
EMD has become increasingly appealing to a broader investor base as the asset class has developed. Issuance has increased, thereby improving liquidity.
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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 papersThe Ultimate ‘GPT’: Is AI Game-Changing for the Macro Picture?
We anticipate moderate impacts in the near term, but will look for more profound shifts—albeit with some delay—as the years unfold.
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White papersWhy choose euro fixed income?
Euro fixed income has a wide range of performance drivers that can enhance portfolio diversification. Credit spreads are tight, but there are still opportunities to capture historically absolute high yields. With eurozone inflation at target, growth resilient, and a positive fiscal profile relative to other developed economies, fundamentals are solid.
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White papersMacro brief: Five questions on the European Central Bank – will it really hike interest rates in 2026?
Given her view that inflation risks in the euro area are higher than expected, economist Beth Beckett suspects it will not be long before the European Central Bank adopts a hawkish bias and she has pencilled in a rate hike in late 2026.
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White papersA Validation Study of Catastrophe Bond Losses Over Time
We explore the relative historical performance of catastrophe bonds in relation to various trigger types.
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White papersRiding the multi-year waves of AI investment
The real story of artificial intelligence (AI) is the multi‑year progression of capital flows that will define which companies lead, when they lead and why.
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VideoWhat’s the outlook for US high-yield bonds?
Growth forecasts for 2026 are generally being revised up for US companies as the benefits of deregulation and fiscal measures in the One Big Beautiful Bill start coming through, underpinning a still resilient setup for the high-yield fixed income market. Accordingly, default rates should remain in a manageable 1-3% range – well below long-term averages.
