Investment Grade

July 22, 2026

Investment grade (IG) credit has increasingly become a tale of two markets, hyperscaler financing and then everything else. From our observation, investors have had difficulty digesting the sheer size and cadence of hyperscaler-related issuance, leading to underperformance. In the last year alone, the percent share of hyperscaler bonds in the IG market has nearly doubled. Read more to see how a muddled investment environment informs the positioning of PPM’s IG strategies. 

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