Content (274)
-
White papersG20 Summit Puts Great Power Competition in Full View
The G20 summit took place against a backdrop of deteriorating relations—not just between the U.S. and China—but also between China and India, which was the summit’s host country. Coming on the heels of the BRICS summit in South Africa, expectations for the G20 summit were low. Pre-summit deliberations at working group levels also created a gloomy mood among diplomats given the slim prospects for substantive outcomes.
-
White papersThe ECB Delivers a (Final?) Dovish Hike
The ECB raised its deposit rate to 4.0% today, an all-time high since the launch of the euro. It cited uncomfortably high headline inflation of more than 5% as the key driver of its decision. Higher interest rates signal concern among ECB policymakers that underlying inflation could become embedded. That would make it harder to get back to the Bank’s 2% target.
-
PodcastFixed on ESG, Ep. 16 - The Price of Power: The Impact of Wildfires on Utilities
Damaged power lines are a leading cause of wildfires around the world and serve as a significant vulnerability to the service providers who operate them.
-
White papersNYC Congestion Tolling: Winners, Losers and Unintended Consequences
Investors in municipal bonds are following the NYC congestion tolling situation as the MTA is a frequent borrower in the municipal bond market, but they are not the only borrower impacted by the program.
-
White papersItaly’s Bank Tax: It’s Hard to Please Everyone All of the Time
The Italian government’s unexpected announcement raises doubts in investors’ minds about their market friendliness and about Italian banks’ vulnerability to future political meddling.
-
White papersThe Limited Impact of the U.S. Downgrade on Munis
The credit quality of states as a group is not constrained by the U.S. sovereign rating and we don’t expect the U.S. downgrade to have an outsized impact on muni bond valuations going forward.
-
White papersLooking to Latin America to Fuel the EU’s Energy Transition
Looking to Latin America to Fuel the EU’s Energy Transition
-
White papersFrom Low Ranger to High Plains Drifter
With the vast majority of rate hikes behind us, market volatility is set to fall. A tailwind from the reemergence of the “search for yield” is likely to follow.
-
White papersThe End of the Great Moderation: Forecasting in Elevated Uncertainty
In a global environment with more complexity and uncertainty, we have adopted a probabilistic, scenario-based approach to forecasting macroeconomic and market outcomes.
-
PodcastFixed on ESG, EP.15
Is deep-sea mining a viable solution for metals scarcity and key to the green transition? It’s not that simple.
-
PodcastAll the Credit, EP.42
Exploring trends in growth, pricing, market share, and more across major players in the big brewing industry.
-
White papersThe Fed Senses the Light at the End of the Tunnel
PGIM Fixed Income’s views on the July FOMC meeting, which could mark the end of the Federal Reserve’s rate-hiking cycle and may give way to a fine-tuning phase.
