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Navigating Volatility with Asymmetric Returns
Convertibles delivered positive performance despite declining equities and rising rates—reinforcing their role as a differentiated allocation in uncertain markets.
War and Peace
Geopolitical risk is rising again as the Iran conflict ripples through energy and supply chains. Emerging markets are showing greater resilience, with performance driven more by country-level fundamentals.
War and Peace
Geopolitical risk is rising again as the Iran conflict ripples through energy and supply chains. Emerging markets are showing greater resilience, with performance driven more by country-level fundamentals.
Stay the Course
Fixed income is entering a new phase. Higher yields and increased volatility are improving return potential, with income back at the center of outcomes. See where opportunities are emerging in our 2Q outlook.
High Yield 2Q 2026 Outlook
After positive returns in January and February, it seemed all but certain that the ICE BofA US High Yield Index would extend its streak of 13 consecutive positive quarters, its longest since 1997.