Quarterly fixed income perspectives: looking ahead to 2Q 2023

Principal Quarterly fixed income perspectives: looking ahead to 2Q 2023

Economic turning points

With the first quarter of 2023 behind us, some economic tides are starting to turn.

1. After a year of aggressive central bank tightening, the peak policy rate for the cycle is likely on the near-term horizon, which has important implications for fixed income investors.

2. Historically, a pause in the hiking cycle marks a turning point in duration, creating a tailwind for fixed income.

3. As peak policy rates come into focus, risk assets may enjoy a relief rally initially, but spreads are likely to come under renewed pressure later in the year as recession fears grow.

Principal Asset Management
Principal Asset Management

With public and private market capabilities across all asset classes, Principal Asset ManagementSM and its specialist investment teams are focused on harnessing the potential of every opportunity to secure an advantage for its clients.

The 23rd largest manager of worldwide institutional assets, Principal Asset Management applies local insights with global perspectives to identify compelling investment opportunities and deliver distinctive solutions aligned with client objectives.1

Principal Asset Management is the global investment management business for Principal Financial Group® (Nasdaq: PFG), managing $501.5 billion in assets and recognized as a Top 10 “Best Places to Work in Money Management” for 11 consecutive years.2,3

1 Managers ranked by total worldwide institutional assets as of 31 December 2021. Pensions & Investments, “Largest Money Managers,” December 2021.
2 Principal Asset Management AUM as of December 31, 2022.
3 Pensions & Investments, “Best Places to Work in Money Management” among companies with 1,000 or more employees, December 2022.
Principal Asset ManagementSM is a trade name of Principal Global Investors, LLC.

Edward Kakenmaster
Managing Director, Insurance Sales & Relationship Management

711 High Street
Des Moines, Iowa 50392

View the contributor page

Related Articles

Register for Insurance AUM Journal

Register today to confirm your status as an institutional investor and gain access to the latest thought leadership in the industry.

  • Thought leadership delivered to your inbox
  • Confirm your status as an Institutional Investor
  • Complete CFA Continuous Professional Development requirements

By clicking submit you confirm that you qualify as an institutional investor and you consent to allow Insurance AUM to store and process the personal information submitted above.

Lost password