Bonds historically provided consistent positive performance after Fed pauses
Long-term investors deciding where to allocate capital now may want to consider bonds for upside returns.
Sources: Morningstar, Bloomberg, S&P, PGIM Investments. Short-Term Bond, Intermediate Core Bond, and Intermediate Core-Plus Bond are represented by Morningstar mutual fund category averages. Returns over one year are annualized. S&P 500 Index is an unmanaged index of 500 common stocks of large U.S. companies, weighted by market capitalization. An investment cannot be made directly in an index. Performance represents average returns following any period the U.S. Treasury yield curve was inverted using monthly data from 1982 to 2021. The yield curve inverted 31 times during this period. Category and index returns calculated by PGIM Investments using data from Morningstar. Past performance does not guarantee future results.
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