Opinions

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Snapshot  |  May 12, 2026

Corporate Credit Snapshot - May 2026

Global credit delivered positive returns across the board in April, with spread tightening as the primary driver of performance.

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Insight  |  May 11, 2026

Muzinich Weekly Market Comment: A brief history of the US dollar

Markets remain in risk-on mode, but recent US dollar weakness is prompting a closer look at its role in the global system. This week, we revisit the history of the dollar to understand what may lie ahead.

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Podcast  |  May 7, 2026

The Structural Case for Emerging Market Credit

In the third and final episode of our podcast series exploring the opportunity set across emerging market credit, Warren Hyland, Head of Emerging Markets at Muzinich, concludes the series by examining the structural foundations supporting EM credit, from favourable technicals and attractive spread dynamics to strong corporate fundamentals and diversification benefits.

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Snapshot  |  May 7, 2026

Muzinich Asset Allocation Group Monthly Update - May 2026

Please click to watch our latest Asset Allocation Group video update for the month of May 2026.

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Insight  |  May 5, 2026

Muzinich Weekly Market Comment: On the starting blocks

As conflict-driven energy shocks ripple through economies, the world’s leading central banks remain on the starting blocks – poised but cautious, holding rates steady as they await clearer signals. Credit markets, by contrast, have already sprung into motion, proving resilient and closely tracking their usual seasonal patterns.

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Insight  |  April 27, 2026

Muzinich weekly market comment: The Long Game

Markets navigated a complex backdrop, as a fragile Middle East ceasefire and ongoing Strait of Hormuz disruption kept energy prices elevated and investors cautious. With inflation risks resurfacing, rate expectations shifting and growth signals diverging globally, the environment reinforces the importance of maintaining a long-term perspective amid short-term uncertainty.

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Insight  |  April 23, 2026

Market neutral - Why standing still in credit may carry more risk than investors realise

As volatility returns to credit markets and dispersion increases, a market neutral approach offers investors a way to stay invested while reducing reliance on market direction and capturing relative value opportunities, argues portfolio manager Jamie Cane.

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EM Monthly  |  April 21, 2026

Icebreaker

Geopolitical shockwaves from the Iran conflict have exposed the Middle East to a severe stress test. But, beneath the surface, the region’s sovereign balance sheets, investor base and history of coordinated support suggest a resilience that sets it apart, positioning it more as an “icebreaker” than a casualty of tightening financial conditions, argues Warren Hyland.

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Podcast  |  April 20, 2026

Asia Credit: Capturing the Region’s Growth Engine

The second episode in our three-part series, turns the spotlight to Asia, a region at the centre of global growth and evolving credit opportunities. Joined again by Warren Hyland, we explore how strong macro fundamentals, shifting trade dynamics, and structural themes such as AI are shaping the outlook for Asian credit markets.

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Podcast  |  April 1, 2026

Emerging Markets Credit: Why Now?

We are pleased to share the first episode in our three-part series, exploring the evolving opportunity set across emerging market credit. Joined by Warren Hyland, we discuss the key drivers shaping the asset class today, from positioning dynamics and global liquidity to regional growth trends, against a backdrop of heightened market volatility in recent weeks.

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Insight  |  March 23, 2026

Muzinich Weekly Market Comment: NOT GFC 2.0

It was another turbulent week for financial markets, with geopolitical developments continuing to overshadow earnings and economic data. However, we did gain our first read on how central banks view the impact of the conflict on their economies, with eleven policy meetings held over the course of the week.

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EM Monthly  |  March 19, 2026

EM monthly - Ten reasons to invest in emerging markets

Emerging market credit can provide income, broad global diversification and supportive technical tailwinds, argues Warren Hyland.

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Insight  |  March 4, 2026

Why credit markets offer greater control during disruption

As investors reassess business model durability, capital intensity and long-term monetisation, market narratives have become more volatile and polarised.

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Podcast  |  February 24, 2026

Parallel Lending Explained: Accessing European Private Credit Alongside Banks

Private credit continues to evolve, with banks and asset managers increasingly working together to finance the European middle market. In the latest episode of the Muzinich Podcast, we discuss how investing alongside banks can provide differentiated access to senior secured lending opportunities.

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Insight  |  February 19, 2026

Discipline among disruption – private credit investing in the age of AI

AI is forcing investors to rethink business models and the embedded risks. For private credit, distinguishing durable cash flows from disruption risk has become critical, argue Rafael Torres and Gianpaolo Pellegrini.

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Insight  |  February 17, 2026

Asia Pacific private credit - Complexity creates opportunity

Supply chain reconfiguration, infrastructure needs and divergent banking behaviour are reshaping demand for capital, creating a landscape where complexity, selectivity and structure are defining the private credit opportunity set, argues Andrew Tan.

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EM Monthly  |  February 10, 2026

EM monthly - The global implications of Venezuela's political transition

How will Venezuela’s political reset impact oil markets, regional power dynamics and US foreign policy priorities, asks Warren Hyland.

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Insight  |  February 4, 2026

US private credit - The lower middle market - the one less travelled by

In an environment of heightened competition and macro uncertainty, the lower middle market stands out as a structurally underserved segment in private credit, offering greater control, stronger protections and more resilient returns, argues Jens Ernberg.

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Close Up  |  February 3, 2026

Technical tailwind for US investment grade?

Rising demand for agency MBS could compress spreads further, strengthening the relative appeal of US investment grade credit at the margin, argue Ian Horn and Eric Schure.

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Insight  |  January 29, 2026

Opportunities beyond the crowded core

In an increasingly competitive market, disciplined execution and a focus on the lower middle market remains critical to preserving capital and long-term returns, argue Kirsten Bode and Rafael Torres.

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Podcast  |  January 22, 2026

The Long & Short of it - Positioning for what comes next

As investors look ahead to 2026, credit markets remain calm on the surface, with tight spreads and strong technicals masking potential risks beneath the surface.

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