Fixed Income Focus: Navigating May’s Macro Tailwinds

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In its latest edition, the Fixed Income team at PGIM explores the evolving landscape of global fixed income markets, identifying key drivers and risks amid mixed macroeconomic signals.

  • Despite elevated inflation, central banks maintain a cautiously dovish tone, offering near-term support to bond markets.

  • Sovereign yields show signs of stabilization as growth expectations cool, particularly in the U.S. and eurozone.

  • Credit spreads remain tight, but opportunities persist in selective segments such as EM debt and high-quality securitized credit.

Dive into the full report to access detailed analysis, yield forecasts, and actionable investment insights across credit, sovereign, and securitized markets.

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