2023 Global Credit Outlook – Our 10 most burning questions

Welcome to 2023! The year 2022, a year for most investors to forget, has finally come to an end. Around the change of the year, there are various rituals of renewal across the globe in which the old is left behind to rush toward the new. In certain parts of Italy, the Befana doll is burned to symbolize dead nature making way for the renewal of spring. In India, Mr. Old Man effigy burning represents burning all the bad that happened during the past year to start a fresh new year on a positive note. This is similar to a tradition in parts of Latin America.

Taking a cue from new year’s traditions around the world, the portfolio managers of our Global Corporate Bond strategy, Christian and Marc, together with our credit analyst Pam, sat around an imaginary bonfire to mark the beginning of 2023. They evaluated perspectives for our market from various angles by asking themselves the ten most burning questions for the year ahead – and finding the answers.

While 2022 was a difficult year, it built a good starting point for the asset class in 2023 and beyond. Credit metrics are healthy, yields are substantially higher than one year ago and we are finally starting to have more visibility on central banks’ rates path. Our team finds plenty of interesting opportunities under current market conditions. Would you like to know more? It is just one click away.