Skip to main content

Global Advisory

Expert M&A and capital markets advice

Wealth Management Luxembourg

Dedicated to helping individuals and families preserve and grow their wealth over the long term

Asset Management

Global investment solutions and services to institutional clients, financial intermediaries and independent financial advisers

Five Arrows

Our alternative assets arm, managing funds dedicated to private equity and private debt

About us

Over 200 years at the centre of the world's financial markets

Careers

A company of opportunity, entrepreneurialism and growth

Location & language

Select Region Select Language

Asset Management: Fixed Income Quarterly Strategy - July 2026

Updated
Published

Fixed Income Quarterly Strategy - July 2026

 

 

Energy Market Normalisation Eases Risks
 

The recent decline in oil prices and the easing of tensions around the Strait of Hormuz have reduced the risks of a stagflationary scenario. While geopolitical uncertainties remain, the gradual normalisation of energy prices is once again supporting the global economic outlook.

Renewed Opportunities in Short-Term Rates
 

In an environment marked by significant financing needs related to artificial intelligence, infrastructure investment and public spending, bond yields remain attractive. Short-duration bonds appear particularly compelling, offering greater visibility than longer maturities, which remain exposed to economic and fiscal uncertainties.

A Resilient but More Selective Credit Market
 

The credit market continues to benefit from solid fundamentals and attractive yields. However, historically low risk premiums are increasing the importance of issuer selection. Financial issuers remain a key driver of performance, while a more cautious approach is being adopted toward the High Yield segment.

Hyperscalers Driving Financing Needs
 

Major technology companies continue to invest heavily in artificial intelligence infrastructure. This trend is supporting activity in the bond market, but investors are becoming increasingly demanding regarding companies' ability to convert these expenditures into sustainable and profitable growth.

 

 

Read the Monthly Macro Insights

by Marc-Antoine Collard, Chief Economist and Head of Economic Research

Read more articles

Asset Management: Monthly Macro Insights - September 2026

Investments linked to artificial intelligence continue to support global growth, but they are also contributing to a sustained rise in long-term interest rates. At the same time, geopolitical tensions and uncertainty surrounding the Federal Reserve’s communication are maintaining a more fragile economic environment.

 Back to the future

In recent years, Artificial Intelligence (AI) has taken centre stage, fuelled by spectacular promises and applications that are now very much a reality. We have already noted on several occasions that this revolution is underpinned by less visible building blocks, such as strategic metals, data centres and electricity grids. Recent developments invite us to broaden that perspective even further.

 Corporate cash: the decision

Many business owners accumulate cash without a clear strategy. By separating operational, reserve and surplus capital, businesses can improve resilience, reduce concentration risk, manage tax considerations more effectively, and ensure excess cash supports longer-term business and personal objectives.

 Rothschild & Co appoints Brent Surber to lead its Private Capital Markets capabilities in North America

Rothschild & Co appoints Brent Surber to lead its Private Capital Markets capabilities in North America

 Japan – beyond the carry trade

Japan’s yen has weakened sharply, reviving concerns over carry-trade unwinding and global market volatility. Yet Japan’s stronger growth, rising wages, higher inflation, corporate reforms, and improving shareholder focus suggest a structural economic revival, though sustained profitability remains the key test.

 From sowing to growing: cultivating value in regenerative agriculture

With soil degradation threatening food security, regenerative agriculture offers proven solutions. Success depends on valuing nature, supporting farmers, empowering consumers, and aligning incentives across policymakers, businesses, investors and growers.