Recurring series
SchrodersCredit Lens
Finvaulta tracks 3 editions of Credit Lens from Schroders, published between May 14, 2026 and May 14, 2026. Each edition is summarized on its own page.
Latest edition · May 14, 2026
Schroders Credit Lens EUR
Schroders' May 2026 report highlights that while credit fundamentals remain supportive, historically tight spreads offer little margin of safety. A major trend is the soaring bond issuance from technology hyperscalers which is beginning to reshape the market.
The Schroders Credit Lens for EUR investors notes that credit spreads have returned to exceptionally tight historical levels, with US and EUR Investment Grade spreads at the 3rd and 9th percentiles respectively. While corporate leverage remains healthy and yields are attractive relative to cash, signs of stress are appearing, including rising US high yield defaults and an increase in 'fallen angels'. The report particularly highlights the influence of hyperscaler issuance and a resurgence in M&A activity as key technical drivers for 2026.
Read the latest edition in fullKey takeaways from the latest edition
- 1.Credit spreads have retraced earlier widening and are back at exceptionally tight levels with minimal margin of safety.
- 2.Large-cap technology 'Hyperscaler' bond issuance is a dominant theme, reshaping bond markets with surging volumes.
- 3.Credit fundamentals remain supportive with leverage below 10-year averages, though stress is emerging via rising US High Yield default rates.
What this series covers
- Summary
- Cross-credit analysis
- IG long vs short
- Corporate credit: valuation
- Corporate credit: fundamentals and technicals
Edition archive
Series at a glance
- Editions tracked
- 3
- First edition
- May 14, 2026
- Latest edition
- May 14, 2026