A pioneer of active investing and one of the first active bond managers, MFS offers expert insights and a range of strategies across the global bond market.

So far, it has been a challenging year for global markets, mainly reflecting the elevated level of policy uncertainty regarding macro volatility. Nonetheless, fixed income remains well positioned in the face of a challenging market environment, but global diversification is as critical as it has ever been. Explore our 5 key fixed income themes for the second half of 2025. EXPLORE THE OUTLOOK

MFS’ co-CIO of fixed income discusses managing risk, diversifying alpha and positioning portfolios for opportunity in a complex market. EXPLORE NOW

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Global investment-grade bond sales reached at least $90 billion on Tuesday, with both US and European markets approaching or breaking issuance records. The US saw $43.3 billion in sales from 27 companies, marking the third-largest daily volume on record. Europe surpassed its previous one-day record, with over €49.6 billion sold when including high-yield deals.

The Federal Reserve on Friday released updated capital requirements for major US banks following its annual stress tests, with rules effective Oct. 1. The framework combines a 4.5% minimum, stress capital buffers of at least 2.5%, and surcharges for systemically important firms. Vice Chair for Supervision Michelle Bowman called this a "period of transition" as the Fed works to smooth year-over-year volatility in its stress testing. Separately, Morgan Stanley has asked the Fed to lower its buffer requirement, with a decision expected by September 30.

Bond investors are accepting the lowest compensation for taking credit risk in years, driven by economic optimism and excess liquidity. Credit spreads are narrowing globally, with investment-grade companies offering yields near pre-dot-com bubble levels.

In 1924, MFS launched the US’ first open-end mutual fund. More than 100 years later, we are a full-service global investment manager serving financial advisors, intermediaries and institutional clients around the world. Our time-tested, active investing approach combines collective expertise, long-term discipline and thoughtful risk management to uncover what we believe are the best investment opportunities in the public markets.