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Global Perspectives

Le Déluge: On the brink of a French fiscal crisis?

Le Déluge: On the brink of a French fiscal crisis?

We consider the investment implications of France heading for a fiscal crisis, and how it is on the verge of a dramatic political shift.

Read our perspective

Fixed income

Don’t sleep on fallen angels

Don’t sleep on fallen angels

Fallen angels have consistently outperformed comparable credit markets over most time periods.

02 July 2026

5-7 min read

Geopolitics, Global macro, Economics, Fixed income

Assessing European energy dependence

Assessing European energy dependence

Energy security is emerging as a defining driver of sovereign risk, as recurring shocks shape inflation, growth and fiscal outcomes across global markets.

13 May 2026

10-15 min read

Fixed income

BDCs as a fallen angels opportunity

BDCs as a fallen angels opportunity

Pressure on BDCs may lead to selective downgrades, potentially creating fallen angel opportunities amid changing fixed income market dynamics.

01 May 2026

5-7 min read

Solutions, Global macro

Digital assets: a new frontier

Digital assets: a new frontier

Digital assets are moving from concept to institutional reality and will reshape the plumbing of financial markets.

01 May 2026

10-15 min read
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Visit the BNY Institute for more insights

Visit the BNY Institute for more insights

Anchored in BNY’s 240+ year history, the BNY Institute brings together deep expertise and action-oriented analysis across a wide range of topics. Insight Investment is a subsidiary of The Bank of New York Mellon Corporation

Anchored in BNY’s 240+ year history, the BNY Institute brings together deep expertise and action-oriented analysis across a wide range of topics. Insight Investment is a subsidiary of The Bank of New York Mellon Corporation

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