Despite the uncertain environment, credit spreads continue to tighten across the board. How is this backdrop shaping the outlook for high yield, EM debt, and IG credit next year?
2025 outlook
Navigating a Shifting Landscape
Today’s shifting backdrop presents a less certain outlook for the year ahead. What does the longer-term picture for rates look like? How will Trump’s victory impact markets? Will escalating geopolitical tensions drive further investor caution?
Our experts across global fixed income, direct lending and global real estate weigh in.
Global Fixed Income
Direct Lending
Direct lending is becoming an increasingly competitive space. What does this mean for the U.S., European and APAC markets going forward?
Real Estate
The stage is set for a gradual recovery in real estate in the year ahead—but a number of unknowns remain. Can the environment be good for both real estate equity and debt?
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