All Fixed Income articles – Page 12
-
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.
-
White papersSpillovers of the “K-shape” consumer to securitized debt markets
Explores how uneven consumer spending is affecting performance across securitized credit segments.
-
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.
-
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.
-
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.
-
White papersAbsolute return bonds for an uncertain world
In a world where economic uncertainty and unpredictable inflation mean visibility on central bank policies is poor, investors are searching for strategies that can deliver consistent returns while protecting capital. Enter the global absolute return bond strategy – a flexible, dynamic investment approach that’s suited to the current environment.
-
White papersGeopolitical swings in the spotlight in Davos
The global equilibrium is evolving, particularly amid significant geopolitical shifts that are causing increased volatility in financial markets. President Trump’s threat to impose additional tariffs on eight NATO members — unless the United States were allowed to purchase Greenland from Denmark (a threat that was withdrawn a few days later) — initially caused a short market sell‑off, followed by a relief rally last week. Meanwhile, the European Parliament voted to suspend ratification of the EU‑US trade deal, which would otherwise have come into force on 7 February. This does not mean the deal is dead, but that Europe is adopting a ‘wait‑and‑see’ approach.
-
White papersU.S. Fixed Income: Policy-Driven Opportunities Emerge
Amid the administration’s flurry of affordability-targeted policy initiatives, bond investment opportunities are emerging.
-
White papersFactors to watch in 2026: AI, geopolitics and credit stress
There are several factors in play which investors need to monitor closely this year. Geopolitics will likely dominate the discourse as will expectations over the potential of artificial intelligence and the continued stability of credit markets. Despite the uncertain backdrop, we believe the global economy and central bank policy will remain supportive for markets.
-
White papersFixed income: Resilient markets, selective opportunities
Fixed income markets stay robust, with attractive opportunities emerging through active, selective positioning.
-
VideoGiven the uncertainty over inflation, protection matters
The economic outlook for 2026 appears to be in equilibrium. Inflation is close to the targets set by the main central banks, monetary policy normalising gradually, and economic growth supportive. But appearances can deceive. There is potential for higher inflation, particularly in the services sector.
-
White papersAfter a banner year for bonds, strategic opportunities emerge
After a strong year for bonds, fixed income markets are entering 2026 amid structural shifts: from fiscal policy’s growing influence to evolving distinctions between developed and emerging markets. While credit spreads remain tight, opportunities may exist through selective positioning across diverse credit sectors. Our latest analysis explores how extending beyond traditional corporate bonds and focusing on quality within below investment-grade sectors could support income objectives and portfolio diversification in this evolving landscape. Find out more.
-
White papersFixed Income Investment Outlook: 1Q 2026
After a generally stellar year for fixed income, 2026 looks more demanding, with fewer rate tailwinds and tight spreads putting a premium on security selection and global diversification, particularly as tail risk rises.
-
White papersFrom politics to portfolios: the market impact of rising populism
Populism has become part of the global landscape, rooted in frustrations over inequality, stagnant mobility, and a sense that mainstream policymakers have failed to adapt to shifting economic realities.
-
White papersDynamic global fixed income: Investing across the cycle
Despite a year of numerous challenges, the global economy has been resilient and valuations across major asset classes remain elevated. Against this backdrop, some economic signals are now indicating potential softness, which could challenge these stretched valuations.
-
VideoEuro credit update – Issuer selection will be key this year
After stronger-than-expected demand for credit in 2025, markets again look likely be able to handle an increase in new issuance of euro corporate bonds; overall, returns in the investment-grade and high-yield segments should be attractive, but market volatility and performance dispersion mean rigorous security selection will be essential.
-
White papersUS inflation down, but still above target
US CPI was up 2.7% YoY in December, unchanged from the previous month, meeting market expectations and significantly down from levels seen in early 2024. Core inflation — which excludes food and energy — rose 2.6%, slightly below expectations. It was weighed down by declines in used cars and trucks and by IT‑related goods.
-
White papersFixed Income Perspectives
Fixed Income Perspectives outlines the current macro and market views from across Capital Group’s extensive fixed income team and offers insights on investors’ bond exposure against an ever-changing backdrop.
-
White papers2026 Fixed Income Outlook: Stay Calm and Keep Your Carry On
Investors would be forgiven for worrying that credit issues may be looming. Recent isolated but high-profile bankruptcies have raised alarms that more such “cockroaches” may be hiding in the banking and private credit sectors — and have spawned fears of a more widespread “termite problem” eating away at the underlying financial system.
-
White papersWorld markets review — Fourth quarter 2025
Global stocks rose modestly, supported by solid corporate earnings and better-than-expected U.S. economic growth. Investor worries about high valuations among artificial intelligence (AI) stocks were offset by stellar quarterly earnings reports from AI-linked companies, including Alphabet, NVIDIA and Microsoft.
