Market Views 2026

At RBC BlueBay, our investment experts operate across dynamic market environments, sub-asset classes, geographical regions, and opportunity sets. Here we reflect on the key events in 2025 and share our views on what could lie ahead in 2026.

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2026 Market View: Macro Outlook

Mark Dowding, BlueBay Chief Investment Officer, summarises the market in 2025 for Macro Fixed Income markets, and gives his thoughts for 2026.
  • For 2026, US economic momentum is expected to continue, with billions expected to be invested in AI, tax cuts, and deregulation, alongside resilient growth and rising inflation.
  • European markets are projected to remain subdued, with weak economic conditions and limited rate cuts.
  • Credit markets are favoured for carry income, with opportunities in subordinated financials and high-quality CLO tranches.
  • Japan and the UK are highlighted as markets prone to macro/political volatility, offering active management opportunities.

Fixed Income Market Views

In these short videos, our investment experts share their thoughts on 2025 and provide their predictions for 2026.

Equity Market Views

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