BNY Mellon Global Credit Fund Q2 2026 update

Long-dated U.S. Treasury yields are in the spotlight following recent Treasury intervention. In our view, the recent rise in yields reflects underlying supply and demand dynamics, rather than concerns about U.S. solvency. Meanwhile, recent market repricing may create opportunities for active investors, especially at the front end of the curve.

Explore the 2027 changes and what they could mean for insurers across capital requirements, governance expectations and investment flexibility.

Why we believe an active, flexible approach to fixed income may provide attractive income and improve resilience in portfolios.

Leaders rotate in and out. No single fixed income sector consistently dominates performance over time, and strong performance in one sector rarely carries over from one year to the next. For example, emerging markets local debt and global bonds — two of 2024’s worst performers — rebounded strongly in 2025. Timing fixed income markets and predicting which sector will lead next is extremely difficult.