PGIM Fixed Income 1Q Outlook

A common reaction to a year of strong fixed income returns in a late-cycle environment is that the perceived lack of value and the potential risks may soon bring a shift in sentiment that harms investors’ future returns. While 2020 might not bring a similar degree of performance as 2019, there are indeed reasons to consider why the bond market—as well as the global economy—may remain on a positive, albeit slightly lower, trajectory this year.


•    Robert Tipp, CFA, Chief Investment Strategist and Head of Global Bonds, specifies the two criteria needed to maintain the bullish bond backdrop and why they may come to fruition in “2020 Vision Check: All Things Considered, Not Bad.”

•    In “Extolling the Virtues of Exquisitely Mediocre Global Growth,” Nathan Sheets, PhD, Chief Economist and Head of Global Macroeconomic Research, explains that what the global economic expansion needs to continue is its own level of mediocrity.


The Outlook also includes expectations for the fixed income sectors in the year ahead.


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