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.

Liquidity events are creating new portfolio challenges, making tax-aware reinvestment and thoughtful portfolio construction more important than ever.

We believe that periods of higher bond market volatility demonstrate the need for proactive tax loss harvesting and tax-loss crossing in bond portfolios throughout the year, rather than waiting until tax-season or year-end.

California’s proposed wealth tax faces significant political, legal, and administrative obstacles and is unlikely to be enacted.

The investment grade Technology sector is in transition, moving from a net cash position to potentially the largest borrower in the IG corporate bond market.