Credit Markets Report - Q1 2026

Q1 2026 Credit Markets Trends

Markets entered the year with increased volatility as investors reassessed elevated valuations and navigated a more uncertain macro backdrop. In the face of conflict in the Middle East and rising energy prices, the Fed recently opted to defer a further rate cut while assessing the full impact of ongoing developments.

In this environment, credit markets are increasingly focused on issuer fundamentals, with a strong preference for resilient, non-cyclical businesses with stable cash flows. For most other issuers, while spreads have not notably increased, lenders are increasingly introducing bespoke financing structures as guardrails.

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Contact Michael Brill, Managing Director and Head of Private Capital Markets at Dinan Capital Advisors, for more report insights.