Crunching credit podcast – March 2026

We explore another eventful month in global high yield markets, from shifting government bond curves to contrasting sector performance. With inflation uncertainty and geopolitical tensions reshaping risk sentiment, the discussion highlights how credit fundamentals remain essential as volatility rises.

This month’s stories span continents — from Brazil’s sudden corporate upheaval, to opportunistic issuance in the U.S. airline sector, to the early signals of a landmark financing in the gaming industry. Together, they illustrate how rapidly conditions can turn and how issuers adapt under pressure.

In this episode of Crunching Credit, Stephen Tapley, Senior Fund Manager, and Ewan McAlpine, Investment Director, break down the trends currently shaping global credit markets.

Recorded: 18 March 2025
Duration: 12 mins

The value of investments and the income from them may go down as well as up and is not guaranteed. Investors may not get back the amount invested. The views expressed are those of the speaker at the date of publication unless otherwise indicated, which are subject to change, and is not investment advice.