Q2 opens with markets at crossroads and more volatility. Central banks, now in wait-and-see mode, leave rate cut timing murky at best. Rates may drift lower, but the path will be jagged. Our focus, and we think the Fed and the market's focus, will be on the impact of tariffs on growth. With the macro fog thickening, it’s time to focus on fundamentals—quality, credit selection, and the power of roll and carry. Spreads are tight, but there’s value to be found. We think it’s a positive market for fixed income.
Watch now or read the latest highlights to find out why PGIM Fixed Income’s Greg Peters, Co-Chief Investment Officer, thinks defensive positioning, selective exposure, and a focus on quality and carry, will help investors target bonds in turbulent markets.
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