Credit fared better than rates and equities through multiple crises this year across the globe — France, tariffs, Fed concerns and even the UK worries. In this episode of the Credit Crunch podcast, host Mahesh Bhimalingam, Bloomberg Intelligence’s global head of credit strategy, discusses these crises and the multi-asset outlook with Iain Stealey, international CIO of global fixed income at JPMorgan Asset Management. They cover US, Europe and UK growth, inflation, central bank views and the dollar. The state of credit fundamentals and default expectations for the next year across Europe and the US are examined in detail, highlighting the resilience of credit in outperforming rates and equities.

The Credit Crunch podcast is part of BI’s FICC Focus series.