New Year New Opportunities

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OUR HIGHLIGHTS

Vulnerability and Resiliency Through Upheaval

Our global investment outlook examines opportunities as we navigate the road to recovery.

Focus on U.S. Market • Hunt for Income Opportunities

Are You Seizing Opportunities in Volatile Markets?

INSIGHTS

MUNICIPALS VIEWS—Q1 2021

Despite the ongoing COVID-19 pandemic and the resulting economic downturn, we believe a second COVID-19- driven market disruption is unlikely to unfold in the muni bond market.

US HIGH-YIELD (HY) CORPORATE BOND VIEWS—Q1 2021

In the near term, we expect volatility to remain elevated in the US high-yield corporate bond market.

EMERGING MARKET DEBT (EMD) VIEWS—Q1 2021

Into 2021, we remain acutely focused on rollover dynamics for the most vulnerable sovereigns.

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