Fixed Income Compass - Ostrum AM – January 2026

Francois Collet, PM and CIO at DNCA, reveals what it was like managing a bond portfolio through the height of the pandemic shutdowns, and how investors in fixed income should think about risk and the global macroeconomic environment in an era of unthinkable shocks.

Loomis Sayles’ bond market veteran, Lynda Schweitzer, recalls the GFC and Covid to explain why analysts today need a healthy appreciation of game theory and behavioural finance, and why her team’s internal debates are often a microcosm of broader markets.

Many core EM economies are in the early innings of a multi-year virtuous economic cycle that should accelerate investor demand for EM debt, argues Loomis Sayles Emerging Markets debt team.