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The Bond Blog @ PGIM Fixed Income

In this post, Katharine Neiss, PhD, Chief European Economist, Global Macroeconomic Research, highlights how Europe’s 2020 fiscal response to the coronavirus crisis has been timely, substantive, and coordinated, and can be described by three distinct, but complementary waves. The post also details how the latest crisis only magnifies the need for fiscal prudence and structural reforms that can be re-established and strengthened to underpin a meaningful and long-lasting sustainable growth path.

Featuring regular contributions from our economists, investment experts, portfolio managers, and research analysts, The Bond Blog @ PGIM Fixed Income provides our quick takes on fixed income and macroeconomic topics.

Recent Thought Leadership

Third Quarter Market Outlook

PGIM Fixed Income

In PGIM Fixed Income's third quarter market outlook, Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, looks at the prevailing factors that may determine sector performance as the shadow of COVID-19 lingers over the market in “The Gilt Edge of the Virus Cloud.” Next, Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, looks at how the virus has affected various regions of the world. He also addresses the prospects for inflation and growth amid the barrage of stimulus efforts as well as how the economy may evolve once the virus clears in “A Light at the End of the Tunnel.”

The Prospects for the Emerging Markets—Looking Beyond the Storm

Nathan Sheets, PhD, Chief Economist, Head of Global Macroeconomic Research, Cathy Hepworth, CFA, Head of the Emerging Markets Debt Team, and George Jiranek, Associate, Global Macroeconomic Research

While the coronavirus has dealt a painful blow to many of the emerging-market economies, we see the challenges arising from this episode as only one of several sets of factors likely to determine EM vulnerability and performance over the medium term. The deeper drivers will continue to be the varying strength of these countries' underlying macroeconomic fundamentals and differences in the quality of their institutions.

Five Big Themes that Will Frame the Post-Virus Economy

Nathan Sheets, PhD, Chief Economist, Head of Global Macroeconomic Research, and George Jiranek, Associate, Global Macroeconomic Research

In this paper, PGIM Fixed Income looks at how global economic conditions—after the virus has receded (whenever and however that occurs)—will differ from those that prevailed before. While our crystal ball is admittedly cloudy, we see five big themes that are likely to characterize the post-virus economy and markets.

PGIM Fixed Income's Podcast Series: All The Credit

In Episode 6 of "All The Credit," Host and Senior Portfolio Manager Mike Collins welcomes PGIM Fixed Income's distressed credit analysts, Gregory Cass and Carras Holmstead for a discussion on the recent uptick in distressed credits they cover, and the inner workings of the distressed credit market. The trio also details how PGIM Fixed Income is positioned given the uncertainty regarding the shape of a potential economic recovery.

Subscribe and listen now on the platforms below by clicking on the icons, or search for "PGIM Fixed Income All the Credit" wherever you listen to podcasts.


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