Fixed Income Opportunities For Today’s Markets Hosted by Citywire
Hear PGIM Fixed Income’s contrarian views: What are the themes that will shape the bond market in the next few months and over the longer term?
2020’s extraordinary market turmoil was met with an equally remarkable recovery, setting up a new business cycle. The global economy recovery is expected to continue strengthening in 2021 as the vaccine becomes more broadly available and normalcy returns to the world. The road won’t be even or easy as near-term risks such as rising COVID-19 cases, virus variants, and political uncertainty could impede the recovery. Strong fiscal policy responses in a moderately low economic growth backdrop should soften harsh blows to the markets and increase the appetite for risk assets such as equities and credit. Diversification and security selection that prepare portfolios for different scenarios will be crucial—making active management particularly important as we move forward.