BNP Paribas: Given the high yields, US dollar credit products are likely to be favored

According to Golden Ten Data on April 20, strategists at BNP Paribas pointed out in a report that the high yields on USD-denominated credit assets are expected to drive increased demand for such credit. Yields remain at their highest levels since August 2025, which will help attract yield-seeking investors such as life insurers and Asian investors, especially encouraging them to invest in long-term bonds. Funds from investors are expected to continue flowing into the US credit market.