09-07-2025
Investor Survey, Trade War and Dollar, H2 Outlook: Credit Crunch
Credit and high yield had a good 1H, despite tariffs and a spread rout, as there was a strong recovery. Will 2H be as strong and why? Mahesh Bhimalingam, Bloomberg Intelligence Global Head of Credit Strategy, discusses the results of the BI 3Q25 High Yield Investor Survey, along with the market outlook, with Thomas Samson, High Yield Portfolio Manager at Muzinich & co. They discuss dollar flows into euro assets, trade war impact on dispersions, impact of private and loan markets on junk and default rates for 2H. The podcast also covers investor positioning, sentiment, key return drivers, and supply forecasts and relative value across asset classes (high grade vs. junk), geography (Europe vs. US), ratings and sectors. Credit Crunch is part of BI's FICC Focus series. Listen to this episode on Apple Podcasts and Spotify. Apple: Spotify:
