📸 Anaxis Outlook 2026 for credit markets in Lugano: a packed room!
Thank you to all clients and partners who joined us for this recent session dedicated to our 2026 fixed income outlook. The room was filled to capacity, a strong testament to the appetite for insights on the year ahead.
Jean-Julien Goettmann, Thibault Destrés and Caterina Pedrini were there to share Anaxis Asset Management expertise on credit markets.
Key takeaways from the presentation:
➡️ Resilient macro backdrop: steady growth expected in Europe and the US, with inflation largely converging toward central bank targets.
➡️ Robust credit fundamentals: contained default rates, stronger balance sheets and historically low duration in High Yield.
➡️ Attractive carry: elevated yields providing meaningful protection against rate volatility and spread widening.
➡️ Targeted positioning: favouring the 3–7 year segment, overweighting European HY (BB/B), and maintaining discipline in sectors facing structural pressure.


