PGIM's Peters Sees a Shift Into Bonds for 2023

The video discusses shifts in the bond market, emphasizing the importance of yield and starting points. It highlights the sequencing of fixed income strategies, starting with sovereign bonds and moving to credit, as a defense mechanism against potential recessions. The discussion also covers inflation trends, noting the challenges of forecasting and the potential for lower inflation in 2023. Risks related to structurally higher inflation and Fed policy are considered, with a focus on the implications for fixed income assets.

What factors are mentioned as influencing the shift in fixed income markets?

How does the speaker view the current state of fixed income compared to the previous year?

What does the speaker suggest about the probability of a recession?

What lesson does the speaker draw from the economic conditions of 2022?

What risks does the speaker identify regarding inflation and its impact on the economy?