All the Credit, Ep. 39: Down to the Wire

With “x-date” looming, concerns about a potential default are weighing on financial markets and the global economy. As the nation’s solvency hangs in the balance, Daleep Singh, PGIM Fixed Income’s Chief Global Economist and Head of Macroeconomic Research, joins this episode of All the Credit® to discuss this U.S. government fiscal fiasco.

To begin, Daleep lays the groundwork with a brief history of the U.S. debt ceiling, including some of the recent impasses that may act as a guide for the current situation. Daleep then provides his take on the potential outcomes of this debt debacle with estimates on the probabilities of each outcome. Our discussion wraps up with considerations on the most likely path forward for the U.S. government, and the economic, market, and investment implications that investors should watch for.

Alyssa Davis, U.S. Investment Grade Corporate Bond Portfolio Manager, cohosts this episode.

Recorded on May 8, 2023.

PGIM Fixed Income
PGIM Fixed Income

PGIM Fixed Income is a global asset manager offering active solutions across all fixed income markets. The company has portfolio management and research teams in Newark, New Jersey, London, Amsterdam, Zurich, Munich, Singapore, Hong Kong, and Tokyo. As of December 31, 2022, the firm has $770 billion of assets under management, including $350 billion in institutional assets, $169 billion in retail assets, and $251 billion in proprietary assets. Nearly 1000 institutional investors entrust PGIM Fixed Income with their assets.

Rupal Shah
Principal, Client Advisory Group
655 Broad Street
Newark, NJ, USA 07102

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