Elevated yields, moderating inflation, and diverging central bank policies should contribute to a supportive backdrop for active fixed income in 2025. This market environment features numerous opportunities to lock in attractive, high-quality yields over the long run and to identify compelling relative value even amidst tight spreads.
We think a multi-sector approach can help tackle rate uncertainty, harvest higher yields, and gain long-term diversification. Although stabilising, the global economy appears poised for a complex year marked by a mix of structural resilience and heightened uncertainty. Markets are also pricing in potential productivity gains from technological advances like AI, which in our view takes a longer time to materialise. We are past the peak in interest rates, but nobody knows the timing and magnitude of further rate cuts. Will the softer growth picture threaten the outlook for credit products?
Against this backdrop, flexibility and a bottom-up focus help reflect a balance of risk and return in bond portfolios. Read on to find out what PGIM Fixed Income's Co-Chief Investment Officer, Gregory Peters, identifies as potential opportunities across key fixed income sectors in a new era of fixed income.
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Fixed Income Offers Stability for Uncertain ConditionsJune 18, 2025 0 minutes -
Webinar Replay – Rewriting the Credit PlaybookMay 14, 2025 0 minutes -
On Tariffs with Tom Porcelli: Part 3 – Emerging Markets on WatchApril 25, 2025 0 minutes -
On Tariffs with Tom Porcelli: Part 2 - European ReactionsMarch 25, 2025 0 minutes
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On Tariffs With Tom Porcelli: Part 1 - U.S. Credit IssuersMarch 25, 2025 0 minutes
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