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White Paper: Lower Range to Drive Stealth Bull Market in Bonds

PGIM Fixed Income

Robert Tipp, Chief Investment Strategist and Head of Global Bonds at PGIM Fixed Income, explains that while G3 yields have ticked higher recently, there is mounting evidence to support a “lower for longer” thesis for developed market interest rates. Specifically, he expects the central tendency for the 10-year U.S. Treasury yield to drop towards 2.5% over the long term, with correspondingly low rate ranges for 10-year bunds and JGBs.

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