Fixed income markets are staging a comeback

Everything fixed income

Macro dispersion and divergent central bank policies have helped develop the global fixed income opportunity further in recent times. But many risks remain. Explore recent movements in the fixed income landscape below.

Tackling Uncertainty with Absolute Return Bonds (BNP Paribas AM)

After years of yielding close to or even below zero percent, bonds are looking more attractive again.

Why Global Government Bond Yields Have Risen (Manulife IM)

For compliance reasons, this paper is only accessible in certain geographies

There are several narratives trying to explain the rise in government bond yields globally. Some of these are not backed by data.

Lessons from 100 Years of Growing U.S. Debt (Firstlinks)

In today’s environment, the 5-year/5-year forward breakeven rate is lingering around 2.2%, slightly below the critical 2.5% level, which hints that QE would be politically toxic.

The New Architecture of Institutional Credit (Nuveen)

After years of being overshadowed by private markets, public credit is seeing renewed demand.

Municipal Bond Market Mid-Year 2025 Review (S&P Dow Jones Indices)

The beginning of the year has been challenging for municipal bonds, as a combination of factors rattled the U.S. markets.

The Continental Shift: Europe’s Private Credit Moment (Apollo)

Geopolitical and macro shifts are expected to drive higher growth in Europe, fueled by fiscal easing and increased spending in areas such as infrastructure and defense.

Credit: A Resilient Asset Class amid a Maelstrom of Macro Risks (Candriam)

Long overshadowed by the gravitational pull of technical drivers, fundamentals are now poised to reassert their influence in credit markets.

The BB Bill: Beauty is in the Eye of the Bondholder (Franklin Templeton)

For compliance reasons, this paper is only accessible in the EMEA region

There are two asset allocation preferences the authors have that will be affected by the “Big Beautiful Bill” that President Trump signed into law.

Helping Advisors Use Private Credit for Income & Diversification (Polen Capital)

Private credit investment can help advisors to build income and diversification into their client portfolios.

Why Municipal Bonds are Worthy Core Holdings for Investors (Morningstar Indexes)

As is the case with taxable bonds, municipal-bond investments come in different flavors. Investors need to be mindful of this diversity.