Fixed Income Focus: Navigating May’s Macro Tailwinds

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.