All North America articles
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White papersUS high yield: Selective opportunities in a bifurcated economy
The last few months have not been straightforward for fixed income markets. As oil prices surged amid the Middle East conflict and inflation expectations rose, markets repriced the potential path of monetary policy.
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White papers2026 Midyear Real Estate Outlook
As we noted in our outlook earlier this year, real estate and economic conditions remain bifurcated across the U.S. Some markets and sectors continue to generate healthy tenant demand but face elevated availability; others have limited space and stronger growth.
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White papersTwin-tracks persist in 2026 vote season
US regulatory changes led to proposals being withdrawn, negotiated, or excluded rather than going to a vote, sustaining the low volumes seen in 2025. But in Europe, investor focus remained on climate and board composition. By Dana Barnes and Elissa El Moufti.
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White papersFour market insights we shared with US Congress
Opportunities to speak before Congress are rare. So, when US lawmakers invited Capital Group Vice Chair Jody Jonsson to share her perspective on aligning public policy with shifting market conditions, she welcomed the chance.
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White papersCutting through the noise: Why lower and core middle market direct lending still delivers value in clients’ portfolios
Private credit has become one of the most discussed corners of institutional investing — and one of the most misunderstood. Daily headlines about troubled borrowers, struggling business development companies (BDCs), redemption pressure, and concentrated software exposure have created the impression of a market under stress. But beneath the noise, the lower and core middle market direct lending segment that has historically powered investor outcomes is performing well, behaving as designed, and, in our view, is about to deliver one of its most attractive vintages in years.
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White papersCLOs: A More Selective Opportunity Set
CLOs remain supported by resilient fundamentals, strong demand and attractive carry, but compressed spreads and growing collateral dispersion are raising the bar for credit selection, manager discipline and portfolio construction.
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White papersPassive in Name Only: The Active Bet Within Your Equity Index
Broad-market benchmarks have gone all in on the AI theme. Do equity investors really want to make that bet?
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White papersPrivate Credit: An Emerging Silver Lining
Careful deal selection and attention to risk can help investors capitalize on recent market turbulence.
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White papers2Q26 U.S. Transaction Volumes Rise +14% YoY
Real Capital Analytics’ newest data shows U.S. commercial real estate transaction volumes increased in 2Q26, with headline volumes rising +14% YoY to $136.6bn. This represents the ninth consecutive quarter of rising YoY transaction volumes and may help to alleviate concerns of a slowdown given an uncertain macro backdrop.
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White papersRotations are playing out
In US equities, recent weeks have shown that despite low market volatility, single stock volatility is rising, as investors increase scrutiny. Market expectations for the upcoming earnings season are high, leaving the market vulnerable to some fragility in case of disappointment.
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White papersUS Agency Mortgage-Backed Securities: Fundamentals remain robust
This article is part of the Fixed Income Quarterly Outlook for Q3 2026, covering Emerging Market Debt, Euro Credit, Euro High Yield, Sovereign Bonds and US Agency Mortgage-Backed Securities.
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PodcastETF inflows: Heading for a record high?
June saw particularly strong inflows into exchange-traded funds (ETFs), taking total assets under management in UCITS* ETF beyond €3 trillion for the first time. While dominated by equities, inflows into bond ETFs were also significant, reaching the €30 billion threshold for the first time.
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VideoSearching for Gold: Capital Preservation in the Next Phase of Private Credit
A few years ago, CRE borrowers had limited options. Today, liquidity has returned, price discovery is real, and both borrowers and lenders have a much broader range of opportunities. In this short clip, Justin Pinckney, CFA, Head of Private Debt at AEW, shares what defines a healthy CRE capital markets ...
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White papersSeniors Housing Research Perspective Q1 2026
The seniors housing sector continued to deliver solid revenue and NOI growth in the first quarter, building on momentum established over recent years.
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White papersEssential Housing Research Perspective Q1 2026
The essential housing sector posted positive, albeit modest, performance in the first quarter of 2026.
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White papersHow U.S. middle market direct lending complements and enhances European portfolios
Direct lending continues to expand across Europe as institutional and sophisticated high-net-worth investors recognize the attractive opportunities available. Demand for private credit, and specifically middle market direct lending, is growing faster than supply, prompting investors to look beyond their domestic markets.
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White papersThe great convergence
AI-driven data center demand is redrawing the map of energy infrastructure. In this paper, Nuveen’s Energy Infrastructure Credit team examines the wave of vertical integration sweeping across utilities, hyperscalers, and private capital…
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White papersCelebrating Independence Day: from the American Revolution to the stockmarket revolution
The US has a deep equity culture that has evolved alongside the nation. On the 250th anniversary of the US Declaration of Independence, Daniel White highlights the characteristics that have driven the US stockmarket’s remarkable long-term investment returns.
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White papersAmerica at 250 in six charts
For investors, America’s 250th birthday allows time for reflection. At 250, the US economy remains the envy of the world, even as the global system is undergoing dramatic changes. Below are six charts that highlight how it got here and where the country may be headed.
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White papersCapital in Motion: Three Numbers Shaping the U.S. Investment Opportunity
Welcome to this month’s edition of Where Credit is Due—a newsletter from Barings recognizing value across the people and portfolios shaping credit markets today.
