Loading... Global Select role INSIGHTS RESPONSIBILITY ABOUT US Search About Us Corporate Responsibility at PineBridge Banner Curve Kate Faraday ESG Investment Stewardship Banner Curve Banner Curve The Corporate Responsibility Steering Committee's mandate is to: Global Select role COOKIES PRIVACY POLICY REGULATORY DISCLOSURE TERMS OF USE SITE MAP ABOUT PINEBRIDGE CAPABILITIES FIRM LEADERSHIP INSIGHTS MEDIA & PRESS RELEASES OFFICE LOCATIONS By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Our Cookie Policy Cookies Settings

Loading... Global Select role INSIGHTS RESPONSIBILITY ABOUT US Search Leveraged Finance Cover Your Bases Banner Curve Late Cycle Investing How to Position and Protect Portfolios Within Leveraged Finance Leveraged finance markets continue to provide active managers with compelling opportunities to generate alpha – and defend against the risks ahead. Explore Now Banner Curve Featured Insights Strategy Spotlight Learn More Banner Curve Related Videos Global Select role COOKIES PRIVACY POLICY REGULATORY DISCLOSURE TERMS OF USE SITE MAP ABOUT PINEBRIDGE CAPABILITIES FIRM LEADERSHIP INSIGHTS MEDIA & PRESS RELEASES OFFICE LOCATIONS By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Our Cookie Policy Cookies Settings

Loading... Global Select role INSIGHTS RESPONSIBILITY ABOUT US Search 15 November 2021 Social Sharing 2022 Fixed Income Outlook: Transitioning Toward the ‘Next Normal’ AUTHOR: Steven Oh, CFA Global Head of Credit and Fixed Income, Co-Head of Leveraged Finance As discussed in our 2021 midyear outlook, fundamentals are still showing largely early-cycle characteristics in the rebound following the Covid-prompted short-but-sharp recession and spike in defaults during 2020 towards a near-zero default environment in 2021 and remaining ultra-low in 2022. Credit mini-cycles are becoming more frequent, within elongated credit default cycles. While we’re now heading toward mid-cycle in 2022, we expect continued tailwinds and solid growth in corporate earnings, but at a slowing pace and with wider dispersion as cost pressures filter into margin compression for certain segments. For more economic and asset class insights, see our full 2022 Investment Outlook: Opportunities in a Climate of Change. 2022 Investment Outlook Opportunities in a Climate of Change Explore Now Banner Curve Related Insights Global Select role COOKIES PRIVACY POLICY REGULATORY DISCLOSURE TERMS OF USE SITE MAP ABOUT PINEBRIDGE CAPABILITIES FIRM LEADERSHIP INSIGHTS MEDIA & PRESS RELEASES OFFICE LOCATIONS By clicking “Accept All Cookies”, you agree to the storing of cookies on your device to enhance site navigation, analyze site usage, and assist in our marketing efforts. Our Cookie Policy Cookies Settings