The long view: A new era for fixed income investors

Explore insights from PIMCO, Nomura, Nuveen and more

Both public and private fixed income markets are facing tests in today's environment. Are government bonds the safe assets investors believe them to be during crises? Is the private credit market in imminent danger of collapse? Top industry thought leaders offer their insights on these questions and many more – and highlight opportunities as well –  in this new era for fixed income investors.

Forward-looking insights

Iran Conflict Update: Emerging Market Sovereign Implications (Metlife IM)

With more than four weeks having passed since the first strikes on Iran, markets are increasingly focused on whether, and how, this conflict ultimately comes to an end.

Leveraged Loan Market Snapshot (S&P Dow Jones Indices)

The credit quality of the larger leveraged loans in the S&P USD Select Leveraged Loan Index has improved. However, there is more to the story than meets the eye.

Is It Time for Short Duration Inflation-Linked Bonds? (BNP Paribas AM)

A combination of low growth and high inflation is a rare and unpleasant experience in developed economies. Where can fixed income investors turn?

Fixed Income Finds Footing amid Global Tension (Nuveen)

Fixed income investors are following closely the conflict in the Middle East to better understand what areas of bond markets to avoid.

The Credit Market Lens: A Market Split, but for How Long? (PIMCO)

While Treasuries provided effective protection during risk-off episodes in February, their performance has since been more mixed. Find out why this has been the case.

Historical & in-depth analysis

Treasury Market Liquidity Since April 2025 (FRBNY)

Order book depth is measured as the average quantity of securities posted for purchase or sale at the best bid and offer prices.

Who Participates in Repo? (OFR)

Certain financial institutions prefer segments of the repo market owing to features of each segment that align with the operational or strategic needs of the institution.

Asian International Bond Markets: Issuance Trends & Dynamics (ICMA)

This report covers the international bond markets in Asia, specifically international bond issuances by Asian entities.

What 300 Years of Wars Reveal about Government Debt Safety (VoxEU)

Recent policy discussions often emphasize the idea that low interest rates make government borrowing relatively cheap. However, this perspective misses the broader picture.

Why Are Central Banks Moving from U.S. Treasuries to Gold? (Firstlinks)

For investors, the question of whether now is the right time to buy gold or silver depends on their goals and risk tolerance.

Zooming in on private credit

Private Credit: The Good, the Bad, and the Illiquid (Robeco)

Private credit encompasses direct and middle market lending, where the capital is provided by non-bank lenders, and therefore it does not appear on bank balance sheets.

Demystifying the Concerns Around Private Credit (Nomura)

Private credit has grown to roughly $3 trillion globally – and is projected to reach $5 trillion by 2029. Where can investors find the right opportunities?

State Pension Allocations to Private Debt Grow Unabated (Cliffwater)

Private debt allocations will likely continue to grow among institutions like state pensions despite retail retrenchment. What will drive this trend?

An Overview of the Securitized Credit Asset Class (Marquette Associates)

Securitized assets have a reputation as complex and opaque, which is true to an extent. However, the market has evolved in recent years.

Private Credit’s Verification Problem (Enterprising Investor Blog)

Private credit lacks comparable public market mechanisms—continuous price discovery, mandatory disclosures, and standardized auditing.