First Eagle Investments
Value-oriented equity and credit insights from First Eagle Investments.
United States2 articlesLast published 15 Jun 2026
EquitiesFixed Income
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First Eagle InvestmentsFixed Income
Quarterly Views from First Eagle Municipal Credit Team: 2Q26
First Eagle's Head of Municipal Credit, John Miller, discusses the resilience of municipal bonds amid interest rate volatility, renewed inflation concerns, and record issuance levels in Q2 2026. Miller argues that current yields and credit fundamentals represent a compelling entry point for investors in the municipal bond market.
15 Jun 2026
First Eagle InvestmentsEquities
Bill Hench on AI, outsourced tech and a re-opening IPO market
First Eagle's Bill Hench argues that improving earnings expectations, a ~30% valuation discount to mega-caps, and early signs of broadening market leadership may be creating a more supportive backdrop for US small-cap equities. He highlights outsourced technology, AI-related infrastructure investment, and a selective IPO market recovery as structural tailwinds, while emphasising that rigorous stock selectivity remains essential given small-cap volatility.
11 Jun 2026