PGIM Fixed Income's final Quarterly Outlook of 2021 arrives with the fastest pace of the virus-related recovery likely behind us. While global growth may remain above trend in 2022, the contours are increasingly obscured by some unfamiliar obstacles, including lingering inflation, concurrent removal of global monetary policy accommodation, and jarring corporate crackdowns.
When assessing the bond market’s potential performance going forward, Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, identifies several clues indicating the fixed-income opportunities that exist going forward in “Q3 Stretch Reprices the Market to Perform.”
Several key factors may continue to support global economic growth going forward. Yet, in “Forecast Calls for Continued Recovery with Accumulating Clouds,” our Global Macroeconomic Research Team points to offsetting risks coalescing on the horizon.
The tangible effects of the increasingly obscured view are apparent in our Sector Outlooks as our portfolio managers indicate how conditions are creating opportunities—and accompanying risks—throughout the global fixed-income markets.