Weekly View: China’s Shifting Outlook; Return of the U.S. 20-year Bond

Kick off the week with PGIM Fixed Income’s view from the desk, which offers a concise snapshot of macro trends, rates, emerging market debt and more. 

Neither Hawk Nor Dove: The ECB’s Lagarde Suggests the Wisdom of an Owl

December 2019

After presiding over her first Governing Council (GC) meeting, ECB President Christine Lagarde successfully held the policy line, thereby forestalling speculation that the ECB may quickly engage in further easing.

Powell’s Audible: We Think We’re There, Time To Pause

October 2019

At its October meeting, the Federal Reserve cut the Fed funds rate for the third time this year. Will the FOMC pause rate cutes to assess developments across the global economy or should investors expect another rate cut before year-end?

The Fed Serves Up Another Incremental Cut Amid “Disparate Perspectives”

September 2019

At its September meeting, the Federal Reserve cut the Fed funds rate for a second time this year. Taking into consideration the outlook for U.S. economic growth and inflation, PGIM Fixed Income believes the risks are heavily skewed towards an additional rate cut later this year or early next year.

After the Storm: Next Steps for the Repo Market

September 2019

PGIM Fixed Income explores factors of the recent stress in the U.S. repurchase (repo) market—including developments in monetary policy, banking regulations, Treasury issuance, and corporate tax payments.

U.S. Rates: Low for Long, but Likely Positive

August 2019

The burgeoning stock of negative-yielding debt across international markets has investors wondering: will it happen in the U.S. too? However, PGIM Fixed Income expects U.S. rates to fluctuate around current levels and ultimately remain positive.

Turkey—A Short-Term Reprieve Amidst Persistent Uncertainties

August 2019

Turkey’s economic crisis erupted one year ago, and PGIM Fixed Income recently returned to the country to gauge the outlook going forward. While Turkey’s large external financing requirements remain its key vulnerability, funding flows should continue normalizing.
 

First Quarter Outlooks & Reviews

2020: A Year Unlike The Last?

With the arrival of a new decade, investors are wondering if the next 10 years will look very different than the last. In our latest installment of quarterly outlooks, PGIM experts provide perspective on the markets in 2020 and beyond.