Rates remain volatile at the long end, curves continue to steepen, and the combination of massive AI capital expenditure and Hormuz energy disruption has reignited inflation expectations just as markets adjust to a hawk-leaning Fed under Warsh. Yet despite these structural pressures, spreads across investment grade and high yield sit stubbornly near cycle tights.

It’s an intriguing dynamic that raises the key question: How should investors position credit allocations to capture yield without over-exposing portfolios to uncompensated risk?

In our latest Wealth Leaders Roundtable, we bring together leading credit experts to debate risk, reward and positioning across duration, sector and rating.

Our portfolio manager speakers:

• Mike Riddell, Fidelity – Macro and rates views and their implementation in strategic bond portfolios.
• Damien Hill – BNY affiliate Insight Investment Global Credit with a focus on investment grade opportunities
• High Yield specialist to be confirmed