2026 US IG & HY Sector Strategy Overview
Winnie Cisar - Global Head of Strategy, 糖心视频
Zachary Griffiths, CFA - Head of IG & Macro Strategy, 糖心视频
Brian Perez - Analyst, Credit Strategy, 糖心视频
Kathleen Tang - Analyst, Strategy, 糖心视频
Luke Jensen - Analyst 鈥� Quantitative Strategy, 糖心视频
24 November 2025
Insights into 2026 US IG & HY Sector Strategy Overview, including:
- Top Sector Recommendations: Explore our 2026 US IG & HY Sector Strategy Overview to see which sectors are upgraded to outperform and which face downgrades.
- Valuation & Relative Value Insights: Understand sector-level rich/cheap analysis for both IG and HY, with actionable spread and z-score comparisons to identify attractive investment opportunities.
- Fundamental & Technical Drivers: Gain insight into the key macro and sector-specific catalysts, such as M&A activity, political revenue boosts, and technical market supply impacting sector performance in 2026.
- Performance Trends & Returns: Review YTD 2025 total and excess return data by sector, highlighting standout performers and laggards to inform your allocation decisions.
- Risk Factors and Outlook: Learn about sectors facing underperform recommendations due to credit fundamentals, M&A risk, and macro headwinds, helping you manage downside risk in your portfolio.
Executive Summary
- In conjunction with our 2026 US IG & Lev Fin Outlook, we provide an update to our sector strategy recommendations across US IG and HY.
- For a robust overview of our sector strategy鈥檚 key drivers, we provide links to our Sector Snapshots, which highlight the 糖心视频 analyst team鈥檚 sector recommendations, key themes and risks, outlook on fundamentals and the primary market, as well as top picks and pans.
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