Markets ended the third quarter with renewed optimism despite political and economic uncertainty. The plethora of new issuance during the end of Q3 offered fertile ground for generating alpha. Looking ahead, opportunities persist beneath the surface along with a few interesting emerging themes.

As we head into the fourth quarter of 2025, we have compiled five charts that we think highlight some of the key themes and opportunities we see in the current market environment.

As Canadian pension plans seek to increase their long-duration credit exposure to better align assets and liabilities, the range of solutions available remains limited. The RP Long Term Corporate Bond strategy offers a new path forward, combining better liability alignment, enhanced credit diversification, and potential for alpha through active management.