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

October 2021 / INVESTMENT INSIGHTS

The Inside Story: Two Emerging TMT Ideas

The Inside Story: Two Emerging TMT Ideas

The Inside Story: Two Emerging TMT Ideas

Why we like an African mobile telecom tower operator and Brazil's leading TV programmer....

By Siby Thomas

Siby Thomas Portfolio Manager

November 2021 / INVESTMENT INSIGHTS

The Inside Story: Two EM Consumer Ideas

The Inside Story: Two EM Consumer Ideas

The Inside Story: Two EM Consumer Ideas

A look behind the scenes at key ideas in the Emerging Market Corporate Bond portfolio

By Siby Thomas

Siby Thomas Portfolio Manager

August 2021 / INVESTMENT INSIGHTS

The Inside Story: Tale of Two Energy Utilities

The Inside Story: Tale of Two Energy Utilities

The Inside Story: Tale of Two Energy Utilities

A look behind the scenes at key ideas in the Emerging Market Corporate Bond portfolio

By Siby Thomas

Siby Thomas Portfolio Manager

June 2021 / VIDEO

Credit market outlook in brief

Credit market outlook in brief

Credit market outlook in brief

Fundamentals, valuations and technicals

By Justin Gerbereux

Justin Gerbereux Global Head of Credit Research

June 2021 / INVESTMENT INSIGHTS

Are Tight Credit Valuations Justified?

Are Tight Credit Valuations Justified?

Are Tight Credit Valuations Justified?

Positive tailwinds are providing support, but caution is advised

By Multiple Authors

By Multiple Authors

April 2021 / INVESTMENT INSIGHTS

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

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 Investing

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 Improving Fundamentals

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 Companies

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 Is Positive

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

Fund Focus
RELATED FUND
SICAV
Class Qdn USD
ISIN LU1244140320
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)
4.94%
Fund Size
(USD)
$712.4m
Avg Coupon
5.74%
Avg Maturity
6.85 yrs
Avg Duration
3.82 yrs
RELATED FUND
SICAV
Class I USD
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)
6.77%
Fund Size
(USD)
$248.2m
Avg Coupon
5.06%
Avg Maturity
8.86 yrs
Avg Duration
5.74 yrs
RELATED FUND
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)
8.05%
Fund Size
(USD)
$294.8m
Avg Coupon
6.80%
Avg Maturity
5.83 yrs
Avg Duration
3.65 yrs