As yields remain at decade highs, Australian investment-grade credit is no longer just a defensive anchor, it’s become a strategic source of return. Offering 7–8% returns from high-quality, liquid securities, this segment now competes with high yield, private credit and offshore strategies, but with greater transparency, lower complexity and less downside risk. With parts of the private credit market under pressure from rising impairments and liquidity constraints, investment-grade credit provides a way to access equity-like returns without taking on ...