Insights

Structural climate change can reshape the economics of an industry.

Current bond market conditions offer investors a chance to reassess the strategic role of investment grade fixed income in their portfolios.

Artificial intelligence is reshaping capital investment, corporate balance sheets, energy and water demand, labor, and supply chains, while raising questions around governance, privacy, human rights, and the distribution of economic benefits.

Global sustainable debt issuance remains resilient in 2026 despite policy uncertainty and softer corporate supply.

August market activity reflected resilient economic growth, inflation that remained above the Federal Reserve's target, and heightened expectations for tighter monetary policy.

Treasury yields rose across the curve in July, with the 10-year Treasury reaching a year-to-date high and the 30-year yield surpassing 5.20 percent for the first time since 2007.

Treasury yields moved higher at the front end in June, reflecting expectations that the Federal Reserve may hike rates in 2H2026.

After widening in the first quarter on heightened geopolitical risk and an oil shock, corporate bond spreads staged a comeback on a ceasefire in Iran, solid U.S. economic data, and a strong first-quarter earnings cycle.