Markets Are Wrong to Write Off Inflation, PGIM’s Peters Says
- Co-CIO warns bond yields likely to be higher than expected
- If things do ‘blow out’ then could add to position: Peters
Greg Peters
Photographer: Jose Sarmento Matos/BloombergThis article is for subscribers only.
Investors have been too quick to dismiss the threat posed by inflation after a “miraculous” decline toward central bank targets, said Greg Peters, co-chief investment officer at PGIM Fixed Income.
He’s worried that the hardest part of the fight against inflation is still ahead, implying plenty more market volatility and a potential wake-up call for bondholders betting on deep interest-rate cuts this year.