The investment outlook for fixed income - specifically rates - could well be turbulent in the short-term, however, we are highly constructive over a longer time frame. There are a number of catalysts including US mid-term elections, sovereign debt worries in Europe and higher oil prices to navigate over the coming months which could inject volatility into the market. These risks are capturing prime space on the front page and turning a spotlight on fixed income which is rarel

Bonds are back in mainstream media as long-dated sovereign yields hit their highest levels since the early 2000s, or even the late 1990s. Central banks have taken a more hawkish stance as inflation across Europe and North America begins to reaccelerate. Inflationary pressures are skewed higher the longer the conflict in the Middle East continues, with rising tensions compounding the risk. This week, the Federal Reserve raised rates for the first time since July 2023, cementin

Corporate activity has diverged from the typical summer lull, with 67% more issuance of USD IG corporate bonds in August 2026 than the trailing 10-year August average. Equity capital markets activity has been similarly frenetic. Notable merger talks include AstraZeneca's $120bn+ proposed takeover of flailing rival Bristol-Myers and Banca Monte dei Piaschi (MPS) pursuing Banco BPM and Banca Generali for a combined €34bn to fend off Intesa Sanpaolo which began pursing MPS in Ju