Credit Strategy Primer 2026: from evolution to revolution

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Credit Strategy Primer 2026: from evolution to revolution

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Credit Strategy - Europe

Credit Strategy Primer 2026: from

evolution to revolution

Primer

From strength to strength 17 July 2026

2026 has brought conflict, geopolitics, AI obsolescence concerns, private credit worries, Credit Strategy

an oil price spike, central bank rate hikes, and the return of tariffs. Yet, credit markets Europe

have marched tighter across the board. We think this speaks volumes about investor Barnaby Martin

demand for quality yield in today’s environment. And with the growth of Portfolio Credit Strategist

Trading and Fixed-Maturity Funds, retail investors now have easier access to corporate MLI+44 (UK)20 7995 0458

bond investments. Demand begets supply too: 2026 is on track to be the 22nd barnaby.martin@bofa.com

consecutive year of Euro credit market expansion. What is clear, is that corporate debt Ioannis Angelakis

has become vital to European firms’ financing needs. CreditMLI (UK)Derivatives Strategist

+44 20 7996 0059

Growing pains (and joys) ioannis.angelakis@bofa.com

With unprecedented capex budgets, hyperscalers are the uber-growth sector across the MohitCredit StrategistAgarwalla

corporate bond market today. And the speed of credit market growth is unlike anything MLI (UK)

mohit.agarwalla@bofa.com

seen before. The result is that firms are funding in more currencies and more credit

markets than ever before. For investors, the global credit relative value opportunity set

has arguably never been greater. Recent Credit Strategy publications:

A million and one questions Let’s get hyper

Our fourth annual Credit Strategy Primer serves as a reference point for investors and

Tech-tockissuers looking to get up the curve quickly on all things Euro corporate debt.