PGIM Investments·2026-06-19·via All Articles on Seeking Alpha
Summary
PGIM Core Bond Fund outperformed its benchmark, the Bloomberg U.S. Aggregate Bond Index, on a gross basis.
Overall security selection also contributed performance, with selection in U.S. investment-grade corporates and ABS contributing the most.
The Fund's duration positioning contributed to results as yields across the U.S. Treasury curve rose. The Fund's yield curve positioning detracted from results.
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Market Review
Coming into 2026, investors spun a comfortable narrative that a gradually slowing global economy caused by a weakening labor market would elicit moderate policy accommodation. Since the start of the conflict in Iran, the main
