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T. ROWE PRICE INSIGHTS

Ahead of the Curve

Read the latest monthly insights from our Fixed Income CIO, Arif Husain
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Our best ideas in this period of uncertainty 

Global divergence trades

Relative value emerging across regions

Duration

Better entry points to tactically add but still underweight; remain globally diversified

Selective credit

Selectivity is key given tight spreads, but all-in yields remain attractive, prefer HY over IG

Inflation protection

Mitigate against rising price pressures

Adding U.S. dollar

Tactically adding amid extended positioning & growth outperformance

The views contained herein are those of Arif Husain as of 16 March 2026 and are subject to change without notice; these views may differ from those of other T. Rowe Price associates. It is not intended to be investment advice or a recommendation to take any particular investment action.

Read the latest insights

Sep 2026 Ahead of the Curve

AI-related bonds could push Treasury yields up in funding arms race

Key insights

  • As companies rush to bring bond issues to market to fund their AI-related spending, this new debt is competing with government bonds for investor demand.
  • Supply and the repricing of duration risk are likely to pressure hyperscaler bonds well before conventional credit deterioration becomes an issue.
  • We are finding opportunities away from straightforward long-dated unsecured hyperscaler bonds, such as in investment-grade data center financings.

5802031

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