Global Credit
Unlocking the potential of corporate debt
The global credit markets offer income opportunities for investors with a wide spectrum of risk tolerances. In a world of low yields and volatile equity markets, corporate bonds can play a useful role in investors' portfolios. At T. Rowe Price, we have been managing active credit strategies for more than 30 years. Discover our latest thinking.
Latest Analysis

April 2021 / INVESTMENT INSIGHTS

High Yield Debt Can Boost Income And Return...

High Yield Debt Can Boost Income And Return Potential Amid Low Yields

High Yield Debt Can Boost Income And Return...

Downside risk management is crucial

By Multiple Authors

By Multiple Authors

April 2021 / INVESTMENT INSIGHTS

Why ESG Factors Matter in Asia Credit Investin...

Why ESG Factors Matter in Asia Credit Investing

Why ESG Factors Matter in Asia Credit Investing

Integrating ESG factors can help manage downside risk and identify high-quality businesses...

By Sheldon Chan

Sheldon Chan Portfolio Manager

March 2021 / INVESTMENT INSIGHTS

U.S. High Yield Bonds Should Benefit From...

U.S. High Yield Bonds Should Benefit From Improving Fundamentals

U.S. High Yield Bonds Should Benefit From...

The asset class offers current high income, lower rate sensitivity

By Kevin Loome & Gregor Dannacher

By Kevin Loome & Gregor Dannacher

March 2021 / INVESTMENT INSIGHTS

Melting Permafrost Poses Challenge For Arctic...

Melting Permafrost Poses Challenge For Arctic Companies

Melting Permafrost Poses Challenge For Arctic...

Climate change risks are rising for Russian industrial companies

By Willem Visser

Willem Visser Credit Analyst

January 2021 / INVESTMENT INSIGHTS

End of the Fed’s Credit Support Facilities...

End of the Fed’s Credit Support Facilities Is Positive

End of the Fed’s Credit Support Facilities...

Risk of unintended imbalances in the credit market is lower

By Steven Boothe & Gregor Dannacher

By Steven Boothe & Gregor Dannacher

January 2021 / MARKET OUTLOOK

Euro High Yield: The Opportunity Today

Euro High Yield: The Opportunity Today

Euro High Yield: The Opportunity Today

An attractive option for income seekers

By Michael Della Vedova & Stephen Marsh

By Michael Della Vedova & Stephen Marsh

30 December 2020 / INVESTMENT INSIGHTS

Investing in EM Corporate Bonds for Income...

Investing in EM Corporate Bonds for Income and Diversification

Investing in EM Corporate Bonds for Income...

An asset allocation perspective

By Yoram Lustig & Andrew Armstrong

By Yoram Lustig & Andrew Armstrong

December 2020 / INVESTMENT INSIGHTS

Credit Investing Roadmap for 2021

Credit Investing Roadmap for 2021

Credit Investing Roadmap for 2021

Navigating the credit cycle and the road ahead

By Multiple Authors

By Multiple Authors

December 2020 / VIDEO

2021 Global Credit Outlook

2021 Global Credit Outlook

2021 Global Credit Outlook

Replay of the 2021 Global Credit Outlook webinar

By Multiple Authors

By Multiple Authors

November 2020 / INVESTMENT INSIGHTS

Uncovering Opportunities in Noninvestment-Grad...

Uncovering Opportunities in Noninvestment-Grade Credit

Uncovering Opportunities in Noninvestment-Grade...

Credit analysis can reveal value in bank loans, high yield bonds

By Paul Massaro & Michael Della Vedova

By Paul Massaro & Michael Della Vedova

November 2020 / INVESTMENT INSIGHTS

More Fallen Angels Ahead in Europe?

More Fallen Angels Ahead in Europe?

More Fallen Angels Ahead in Europe?

Downgrades have slowed, but indications are that the trend has further to run

By David Stanley & Michael Lambe

By David Stanley & Michael Lambe

Fund Focus

September 2020 / VIDEO

US High Yield Bond: What makes us different?

US High Yield Bond: What makes us different?

US High Yield Bond: What makes us different?

Some key competitive differentiators

By Kevin Loome

Kevin Loome Portfolio Manager

September 2020 / INVESTMENT INSIGHTS

US High Yield Bond – Introduction

US High Yield Bond – Introduction

US High Yield Bond – Introduction

A flexible approach that seeks to be a ‘fund for all seasons’

By Kevin Loome

Kevin Loome Portfolio Manager

August 2020 / VIDEO

Global High Income Bond: How we work

Global High Income Bond: How we work

Global High Income Bond: How we work

We believe that high yield is as relevant to asset allocators’ decision making now...

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

August 2020 / VIDEO

Introducing the Global High Income Bond Strate...

Introducing the Global High Income Bond Strategy

Introducing the Global High Income Bond Strategy

We believe that high yield is as relevant to asset allocators’ decision making now...

By Michael Della Vedova

Michael Della Vedova Portfolio Manager

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SICAV
Class I USD
ISIN LU1216622644
A concentrated, high-income portfolio of primarily global high yield corporate bond opportunities. We apply an active management approach to global high yield to capitalise on market inefficiencies, sector positioning and idiosyncratic events while seeking enhanced return potential. View More...
3YR Return
(Annualised)
6.01%
Fund Size
(USD)
$711.3m
Avg Coupon
6.10%
Avg Maturity
6.12 yrs
Avg Duration
3.15 yrs
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ISIN LU0596126465
A diversified portfolio of typically 100 to 150 securities in mainly corporate bonds from emerging market issuers. We would expect the bulk of value added to come from security selection, with the rest from sector selection. We employ a long-term investment horizon, combined with low portfolio turnover. View More...
3YR Return
(Annualised)
6,54%
Fund Size
(USD)
$272,7m
Avg Coupon
5,18%
Avg Maturity
8,38 yrs
Avg Duration
5,46 yrs
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SICAV
Class I USD
ISIN LU1697877279
A high-conviction portfolio, primarily focused on the traditional US high yield investment opportunity set. Our approach is more concentrated than those of many competitors. The fund seeks to capitalise on price inefficiencies that create attractive relative value opportunities across issuers. View More...
3YR Return
(Annualised)
7.63%
Fund Size
(USD)
$312.7m
Avg Coupon
6.59%
Avg Maturity
6.00 yrs
Avg Duration
3.34 yrs