INSIGHTS

2025 was a strong year for infrastructure and we expect momentum to continue in 2026.

From a global perspective, we believe infrastructure could be on the brink of transformation, fueled by seismic shifts in energy, technology, and policy. From the race to modernize power grids and digital networks to the drive for resilient, sustainable cities, infrastructure investment may have the potential to redefine how the world connects, builds, and grows.

Global monetary and fiscal policies are moving in different directions, reflecting varying growth dynamics, inflation pressures and policy priorities. While volatile, we believe this scenario can be favorable for global fixed income with an active approach that differentiates short-term shifts, structural changes and economic conditions.

Fading cash yields could see a powerful rotation into credit markets, while AI growth financing and the emerging markets could offer new opportunities. Peter Bentley gives his 6 potential catalysts for credit investments in 2026.

Checkpoints is a comprehensive monthly chartbook highlighting major top-of-mind themes that could shape financial markets in the near term. In addition to the broader macroeconomic discussion, Checkpoints delivers detailed views on major asset classes, including global equities, fixed income and real assets.

The U.S.’ extraction of President Maduro from Caracas on January 4 could alter the trajectory of geopolitics in the Americas.

Value equities have historically shown resiliency during higher inflationary periods versus their growth counterparts.

BNY's commitment to insight and perspectives comes to life through our investment and market leaders who gather quarterly to debate the key issues shaping markets today.