In this edition of Caron’s Corner I’m joined by Umar Malik of the Portfolio Solutions Group to discuss the significant rise in French bond yields and its potential impact on the rest of Europe.

Mark Jochims explores why European direct lending has its own distinct set of borrowers, structures, and dynamics. 

As AI moves into the physical economy, the investment universe expands beyond models and semiconductors to the component, manufacturing ecosystem and adapters that enable it. Samson Hung and Freddie Cai examine how emerging markets are benefiting from strengths in manufacturing, robotics and technology adoption.

Global bond markets repriced sharply in September as major central banks raised interest rates and real yields drove most of the selloff. Higher-quality credit remained relatively resilient, while lower-rated debt faced greater pressure. The Broad Markets Fixed Income team highlights the growing importance of income, relative value, and active security selection in a more volatile market environment.