Macro Economic Perspectives
Long-Term U.S. Interest Rates
Gary Knapp, Head of Liability-Driven Investment Strategies, and Robert Tipp, Chief Investment Strategist, Prudential Fixed Income, October 2012
The European financial crisis has created considerable demand for U.S. government securities. While we expect this demand will subside, we believe that long-term rates will not rise significantly over the next decade for a number of reasons.
Housing—From Headwind to Tailwind
Mani Sabapathi, Principal, Global Investment Strategy, Prudential Fixed Income, August 2012
Many analysts have dismissed the housing market as a catalyst for expansion, we believe that an emerging stabilization of the housing sector and pickup in residential construction could lead to improved employment conditions, contribute to GDP growth, and help buffer the protracted fiscal contraction in store for the U.S. going forward.
Europe's Debt Crises
Jürgen Odenius, Principal, International Economics and Investment Strategy, Prudential Fixed Income, June 2011
Investors around the globe are increasingly concerned about the sovereign debt crisis in Greece, which has triggered considerable contagion across European markets. This paper conducts a thorough examination of the challenges facing Greece, as well as the key issues confronting other key countries in the European periphery, notably Italy, Ireland, Spain, and Portugal.