2025: A pivotal year for credit markets?

Trends to catch the eye of fixed income investors

Will bonds thrive under Trump 2.0? Or will alternative credit deliver even more strongly on its promise as a rising asset class? Could emerging market debt be the untapped opportunity to explore this year? Discover insights to these questions in the thought leadership below.

2025 EMD Outlook: Beware of Fiscal Folly (Candriam)

The new Trump administration is a potential source of volatility, with the likely resumption of tariffs and confrontational trade tactics.

And One More Thing…in Credit: 2025 Outlook (KKR)

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Today, the global credit markets are undergoing their own transformation, and allocators need to stay on top of these developments.

The Big Mac on Fixed Income Allocation (MFS)

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Global markets may be at a crossroads, with policy uncertainty and macro volatility set to rise in the period ahead, especially in the context of Trump 2.0.

H1 2025 Alternative Credit Insights: Sourcing New Pathways (Nuveen)

Alternative credit is made up of asset classes that provide financing options outside of traditional fixed income markets.

Democratization of Bond Markets and FI Indexing (S&P Dow Jones Indices)

The growth of certain markets, such as leveraged loans, may be connected to the proliferation of index-linked products in this asset class.

The Debt and Deficit Dilemma (Marquette Associates)

As the Biden era ends and another Trump era begins, federal spending and the deficit persist.

Three Reasons to Consider Dedicated Emerging Market Debt Exposure (GMO)

Emerging market debt has delivered strong credit returns for the risk underwritten. Will it continue to do so in 2025?

Active Positions in Emerging Markets Debt (William Blair)

Emerging market debt, which performed well for most of 2024, lost momentum in the fourth quarter due to uncertainty around the U.S. election.

Europe's Economic Struggles: A Silver Lining for Fixed Income Investors (PIMCO)

The eurozone's economic struggles are rooted in a mix of cyclical and structural factors that are also impacting fixed income opportunities.

The Stock Market CAPE and Bond Yields (Phinance Technologies)

How does the expected stock return compare with real bond yields? Explore this paper to find out more about this dynamic.