Trump Administration Rebuffs Challenge to Fiduciary Rule in Appeals Court
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(Bloomberg) — The slower-than-expected increase in worker pay shows that investors should feel safe in Treasuries, even after yields jumped in the past two weeks, according to PGIM’s Robert Tipp.
“Bonds are winning,” Tipp, the chief investment strategist at PGIM Fixed Income, said Friday on Bloomberg Television’s “Real Yield” program. “The fact we haven’t had wage growth is really exceptional. I think there’s a huge shadow supply of excess labor. The global competitiveness that’s out there is really keeping inflation below target around the world.”
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Maybe what’s good for insurers would be fine for bond traders.
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