Nathan Sheets PhD., Chief Economist and Head of Global Macroeconomic Research
We find a compelling case for inflation expectations to be low, stable, and well anchored. This means that investors have good empirical reasons both for requiring low inflation compensation for holding bonds and for demanding relatively small compensation for inflation risk.
Gerwin Bell, PhD, Lead Economist Asia, Global Macroeconomic Research
Following China’s 19th Communist Party Congress, investors are turning their attention to the outlook for the next five years. We provide our views on the first five years of President Xi’s term—highlighting what we consider to be some misperceptions among market participants—and set out our base case for economic policy going forward
Since the emerging market debt crisis of the 1980s, a gradual re-rating of the sector has opened up a greater set of investment opportunities across asset classes, as Arvind Rajan, PhD, Head of Global and Macro, describes in the accompanying video.
Nathan Sheets, PGIM Fixed Income’s Chief Economist and Head of Global Macroeconomic Research, explains his short-term outlook for the U.S. dollar, its affect on EM economies, and the impact of QE on global bond yields.