An Overdue Recalibration of the Credit Ratings for Mexico and Pemex
PGIM Fixed Income discusses the dynamics that led our internal credit ratings on Mexico and Pemex below the average of the rating agencies, our outlook going forward, and how this view is expressed in our investment strategy.
The Great “Hollowing Out” of the U.S. Job Market
In assessing the strength of the U.S. labor market since the global financial crisis, it is important to consider the quality of the jobs that have been created. PGIM Fixed Income’s research finds that the jobs created through the current expansion have a distinct “barbell” feature consisting of a remarkable “hollowing out” of jobs in the middle of the income distribution.
2019 Q2 Capital Market Assumptions
QMA’s Capital Market Assumptions provide 10-year forward-looking expectations for the most widely held equity, fixed income and non-traditional asset classes, measuring both return and risk. They underpin our long-run outlook for strategic allocations and multi-asset portfolios.
Russia’s Path to Credit Strength Amid Biting Sanctions
Given the state of the Russian economy and the uncertainties that lie ahead, PGIM Fixed Income analyzes how Russia has coped with biting sanctions imposed by the United States and the European Union, what might lie ahead in the coming months and years, and how this might affect its strong credit profile going forward.