PGIM’s Gregory Peters recently shared his outlook for global fixed income as markets confront sticky inflation, widening monetary policy divergence, and an AI-driven capex boom. The U.S economy continues to “muddle through”, while global growth dynamics are diverging again. The base case remains gradual normalization toward neutral, and we see tail risks concentrated at the very long end.
Read on for key bond market themes, market outlook, and investment opportunities.
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