All Fixed Income articles
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White papersRisk Assets: Dispersion Trumps Directionality
2026 was unlikely to be a year for broad market beta. The Middle East conflict and the AI-driven sell-off have now made that case impossible to ignore.
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White papersNot everything that counts can be counted: Rethinking real estate credit underwriting
Our latest Private Markets Insight explores why traditional metrics like LTV, debt yield and ICR, while useful, can distort true risk when relied on in isolation. Real estate isn’t homogenous, and neither are the risks behind each asset.
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White papersTrade Finance: Unlock uncorrelated alpha potential
Trade finance – short-term loans to facilitate physical cross-border transactions – plays a vital role in facilitating global trade flows. It is estimated that 80% of world trade is dependent on some form of financing. This can be attributed to tighter credit conditions for obtaining alternative sources of capital. In this paper, we outline why more investors are turning towards this asset class as a diversifier in their portfolios.
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PodcastBDCs, AI Disruption, Iran Oil Shock: What Lies Beneath in Credit Markets
Credit index spreads have been largely unchanged this year — but the calm surface belies a more complex picture underneath. Rising dispersion, AI-driven disruption fears, widening BDC spreads, and the military conflict in the Middle East are reshaping the risk landscape for fixed income investors — without much additional compensation showing up at the credit index level.
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White papersFebruary CPI report: Calm before the storm
U.S. inflation showed signs of stabilization in the February CPI report, though persistent service and energy pressures suggest that renewed inflation risks could delay the pace of monetary easing.
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White papersWhy bond investors can’t ignore the AI revolution
AI’s influence on fixed income markets is only just beginning and its eventual effects will become more apparent as time progresses. Even at this point, however, certain things are clear.
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White papers3 views on the US-Iran conflict
As war in the Middle East escalates, investors are confronted with the reality of a world that is becoming more dangerous. With markets reacting minute by minute to the news, it is helpful to take a step back and consider events in a broader context. With that in mind, three Capital Group investment professionals offer their assessments of the developing US-Iran conflict.
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PodcastTackling volatility with public debt money market funds
Volatility in financial markets has made money market funds a preferred asset allocation tool. Investors looking for a high-quality strategy with no exposure to financials and other corporates, a stable net asset value, and strong liquidity should consider public debt constant net asset value (CNAV) money market funds.
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White papersThree asset classes for European insurers to watch in 2026
As insurers enter 2026, the investment landscape remains challenging. Sovereign yield curves have steepened, credit spreads continue to trade near historical tights, and inflation uncertainty persists. At the same time, equity valuations remain elevated, while geopolitical and macro risks add further uncertainty.
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White papersTech issues: The AI debt deluge hitting bond markets
Thus far, the artificial intelligence (AI) story has largely dominated the equity market narrative. However, 2025 marked a turning point. The major AI ‘hyperscalers’ are now turning to the bond market to fuel the technology’s rapid development.
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White papersEMEA Investment grade examined 2026 – The importance of portfolio construction
While credit markets proved to be relatively resilient in the face of multiple geopolitical events, there is no guarantee that this will always be the case. So, how do we see credit markets against such a backdrop?
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White papersEuropean CLOs: 101
European CLOs offer resilient, floating-rate credit exposure backed by strong protections and a rapidly maturing market.
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White papersCLOs: Positioning for a More Selective Market
CLOs continue to offer durable carry and structural resilience, supported by steady demand and a generally constructive backdrop. As performance grows more differentiated across issuers and sectors, the case for higher‑quality positioning and selectivity has strengthened.
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White papersMulti-Asset Views – It’s a wild world (but a wide world)
Mildly reducing our equity overweight – With geopolitical tensions between the US and Iran pushing oil prices higher and weighing on investor sentiment, we have modestly reduced our equity exposure, especially in the US.
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White papers2026 Investment Grade Credit Outlook: A Turning Point in a Familiar Market?
MetLife Investment Management and PineBridge Investments now have more to offer as a top-tier global investment platform. Together, we bring deep insights, including this 2026 Outlook campaign. Stronger together. Built for what’s next.
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VideoLooking beyond mainstream bonds
Out-of-index sectors, such as trade finance, offer alternative investment opportunities.
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PodcastWhat’s the outlook for yields and demand in euro credit?
Given its strong performance in recent years, does the Euro corporate bond market still offer attractive opportunities or has it become too expensive? Chris Iggo, Chief Investment Officer, AXA IM Core, talks to Boutaina Deixonne, Head of Euro Investment-Grade and High-Yield Credit, about the outlook, investor demand, and promising sectors and industries.
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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.
