Amid a backdrop of positive technicals and emerging late-cycle behavior, high starting yields should anchor returns once again in 2026.
Against a backdrop of positive technicals and emerging late-cycle behavior, high starting yields should anchor returns once again in 2026.
Artificial intelligence is now a driving force behind market cycles, reshaping fixed income as tech giants seek financing for their historic capex boom. Here’s how it’s changing portfolios, risks, and opportunities.
High starting yields should continue to provide a buffer against potential turmoil, and episodic bouts of volatility should present attractive opportunities for active managers to add risk.
Liability management exercises may offer a quick fix for financially distressed companies, but they can sometimes make bad situations worse, underscoring the importance of rigorous credit research and security selection.