CIO reading list: The U.S. Treasury, private markets, AI, and more

Discover insights from global thought leaders

CIOs: This month’s reading list spotlights the ABCs of today’s market narrative – AI, bonds, and CLOs. The latest research from Meketa, DWS, PIMCO, and other thought leaders tackles core investor questions, from whether AI spend can truly pay off to where bond market value is emerging and what’s shaping CLO portfolio management.

For CIOs

Investing in Foreign Bonds (Meketa)

Practical considerations U.S.-based investors should evaluate when choosing to make an allocation to foreign bonds.

The Surprising Stocks Beating the Market in 2026 (Morningstar Indexes)

Across economic sectors, companies using cash for dividends and buybacks are winning this year.

Resilience in an Evolving Landscape (New York Life Investment Management)

What the U.S. midterm elections could tell investors about three major forces shaping our world today.

One AI Trade for Now, Many Trades Later (PIMCO)

For equity investors, the question is relatively simple: Who wins the AI race? For credit investors, it is more nuanced.

The $2 Trillion Test and Other Forces Reshaping Markets and Portfolios (Apollo)

Can AI earn back what's being spent on it?

The Rise of Alternatives in Public Pensions (Center for Retirement Research)

Research suggests there is a growing belief that alternatives will outperform public equities. What's driving these findings?

CLOs: On the Shoulders of Giants (Pemberton AM)

CLOs are a relatively recent innovation, but the investment principles that underpin them have developed over generations.

From CIOs

Long-Term Investment Themes (Deutsche Bank WM)

The transformation of global resources, demographic shifts, and breakthrough technologies are reshaping economies, industries, and established business models.

The Roads Have Ears But The Mountains Have Eyes (Merrill)

Despite heightened market concerns, the outlook for equities remains constructive thanks to strong profit growth, ample cash on the sidelines, and broadening market leadership.

Rising Long Bond Yields Stoking Anxiety (Rockefeller Global IM)

the 10-year Treasury yield climbed to its highest level in 19 months, an inauspicious start to September, a month historically associated with heightened market volatility.

YenDrain: The Price of Japan's Capital Outflows (DWS)

Interventions by Japan and the United States may help stabilize the yen.

September 2026 Global Market Outlook (Standard Chartered)

U.S. bond yields are expected to be increasingly capped. Inflation concerns have room to recede, with shorter maturity bonds most likely to benefit.

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Rethinking the Muni Playbook (New York Life Investment Management)

A municipal portfolio shouldn’t be judged by how neatly it fits into a box. It should be judged by what it delivers.