Philippe Lomné, Fixed Income Portfolio Manager Specialisation: IG Credit IG & Crossover & Jérôme Loire, Credit analyst Rothschild & Co Asset Management. Subordinated financial bonds are a unique asset class and a historic performance driver for our Fixed Income expertise, with particularly attractive characteristics in…

"We have moved away from the recession that was the markets' main and greatest fear at the start of the year," says David Kruk, Head of the Trading Desk/Intermediation at La Financière de l'Échiquier (LFDE), in his latest update on the latest market buzz. But…

"Buying a standing forest can be more expensive than buying a share on the stock market" The slowdown in construction in the United States and the latest tariffs have finally sent the timber sector to the wall on the stock market. Wood remains a sustainable…

Pictet Asset Management. For many investors, government bonds are the bedrock of safety, while equities symbolize growth and opportunity. Credit, particularly Investment Grade and High Yield, is often seen as a riskier middle ground. Yet, over the past two decades, credit has consistently offered a…

Fiscal fight César Pérez Ruiz, Chief Investments Officer Pictet Wealth Management. The House of Representatives narrowly passed the “One Big Beautiful Bill” that promises sweeping tax cuts, fuelling markets’ fiscal fears and driving US equities lower, and Treasury yields higher. The Congressional Budget Office (CBO)…

The Chinese indices, which are a long way from their highs, could embark on a solid uptrend. DeepSeek has surprised and erased the impression that China is lagging behindsign, a solid argument for the optimists. What if the downturn triggered by the trade war offered…

By Ermira Marika and Nithin Mallya, Pictet Asset Management. Recent market shocks—particularly the tariff measures introduced by the Trump administration—have significantly unsettled the global credit bond landscape. Higher inflation expectations have driven government bond yields upward, while fears over corporate earnings have widened credit spreads.…

Pictet Asset Management. Investors often view high yield credit with caution, largely due to fears of corporate defaults. But this fear is not only overblown—it also ignores how well-compensated investors are for taking on such risks. The risk of default is precisely why high yield…