The macro backdrop remains supportive for #fixedincome and credit. Our positioning continues to prioritize diversification with a high level of income generation. As credit curves have flattened, we prefer higher quality credit, particularly structured credit, where spreads remain wider relative to fundamental risk, and defensive assets like infrastructure, which have historically offered #inflation-linked income and downside resilience. As growth slows and policy uncertainty creates a wider range of economic outcomes, higher quality credit can offer attractive real yields and portfolio ballast to help buffer downside risks. As credit performance diverges among industries, however, and the yield curve shifts, active selection and risk management are critical. https://xmrrwallet.com/cmx.plnkd.in/eU9G87as
