Our collected views...

2025 Global Market Outlook

Investing During Transition

Equities

Looking ahead to keep our clients on the right side of change

Fixed Income

Inspired to think, inspired to perform

This Quarter (Q1 2025) Hide

March 2025 / Ahead of the Curve

Ahead of the Curve: A contrarian scenario comes true on remarkable Germ...

Ahead of the Curve: A contrarian scenario comes true on remarkable German...

Ahead of the Curve: A contrarian scenario...

Germany’s fiscal expansion reshapes global bond markets.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

March 2025 / From the Field

Uncertainty heightens the need for active fixed income management

Uncertainty heightens the need for active...

Explore how active bond management can thrive in the new investing paradigm of higher...

By Christopher Dillon & Brian Weaver

February 2025 / From the Field

Ahead of the Curve: How U.S. immigration changes could impact inflation...

Ahead of the Curve: How U.S. immigration...

Explore how immigration changes may influence inflation and Fed policy.

By Arif Husain

Arif Husain Head of Global Fixed Income and CIO

January 2025 / From the Field

Highlights from T. Rowe Price’s annual technology tour

Highlights from T. Rowe Price’s annual technology...

T. Rowe Price investment professionals met with U.S. technology companies in Silicon...

By Nolan Quinn, Michael J. Signore & Brian Solomon

January 2025 / From the Field

Ahead of the Curve: Consensus is totally consensus—a contrarian’s strat...

Ahead of the Curve: Consensus is totally consensus—a contrarian’s strategic...

Ahead of the Curve: Consensus is totally...

Discover contrarian strategies that active fixed income managers can apply.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

Previous Quarter (Q4 2024) Hide

December 2024 / From the Field

The calm before the storm — The outlook for Treasury yields

Ahead of the Curve: The calm before the storm: The outlook for Treasury...

Ahead of the Curve: The calm before the storm:...

Expect higher Treasury yields as fiscal policies evolve.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

October 2024 / INVESTMENT INSIGHTS

Could a 5% 10-year Treasury yield be around the corner?

Could a 5% 10-year Treasury yield be around...

Higher Treasury yields expected due to fiscal spending and Fed quantitative tightening.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

Q3 2024 Show

July 2024 / INVESTMENT INSIGHTS

Ahead of the Curve - “Shadow banking system” creates a trickier path...

Ahead of the Curve - “Shadow banking system” creates a trickier path for...

Ahead of the Curve - “Shadow banking system”...

Rise in nonbank lending drives banks to shift risk exposure

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

July 2024 / INVESTMENT INSIGHTS

Active investing is suited to the uncertain markets ahead

Active investing is suited to the uncertain...

Changing market conditions will provide new risks and opportunities.

By Robert W. Sharps

Robert W. Sharps CEO and President

Q2 2024 Show

June 2024 / INVESTMENT INSIGHTS

China’s economy enters a new cycle—unveiling fresh opportunities

China’s economy enters a new cycle—unveiling...

China’s economy has undergone a deep structural adjustment.

By Wenli Zheng

Wenli Zheng Portfolio Manager, China Evolution Equity Strategy

May 2024 / INVESTMENT INSIGHTS

Ahead of the Curve - Three Fed scenarios, same result: higher yields,...

Ahead of the Curve - Three Fed scenarios, same result: higher yields, steeper...

Ahead of the Curve - Three Fed scenarios,...

Ignore the noise. Very little has actually changed.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

May 2024 / INVESTMENT INSIGHTS

What factors are driving U.S. exceptionalism, and will they last?

What factors are driving U.S. exceptionalism,...

U.S. economic growth has outperformed other developed markets, and inflation has...

By Blerina Uruçi

Blerina Uruçi Chief U.S. Economist

May 2024 / INVESTMENT INSIGHTS

Let’s get real (about interest rates)

Higher real rates in the coming years might favor value stocks

By Sébastien Page

Sébastien Page Head of Global Multi-Asset and CIO

May 2024 / INVESTMENT INSIGHTS

How do U.S. elections affect stock market performance?

How do U.S. elections affect stock market...

It’s the economy that matters for U.S. presidential elections and stocks.

By Thomas Poullaouec & Nathan Wang

April 2024 / VIDEO

Navigating the AI cycle

After meeting with more than 50 technology companies across the US, Asia and Europe,...

By Dominic Rizzo

Dominic Rizzo Portfolio Manager

April 2024 / INVESTMENT INSIGHTS

Adding emerging market debt exposure? Look to local bonds.

Adding emerging market debt exposure? Look...

Five reasons to add emerging market debt to a bond portfolio

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

April 2024 / INVESTMENT INSIGHTS

With rising headwinds, uncover the power of quality credit research

With rising headwinds, uncover the power...

Corporate bonds offer attractive income, but security selection is imperative amid...

By Justin Gerbereux

Justin Gerbereux Head of Global Fixed Income Research

Q1 2024 Show

March 2024 / INVESTMENT INSIGHTS

Current market inflation expectations are ridiculous

Current market inflation expectations are...

I think core inflation will reaccelerate after falling to around 2%.

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

March 2024 / INVESTMENT INSIGHTS

China’s National People’s Congress: Key points

NPC announcements in line with expectations.

By Robert Secker

Robert Secker Portfolio Specialist, Equity Investment Specialists

February 2024 / INVESTMENT INSIGHTS

New diabetes and obesity drugs show promise for patients and investors

New diabetes and obesity drugs show promise...

By Nabil Hanano & Jeffrey Holford

February 2024 / INVESTMENT INSIGHTS

Central bank rate-cut pricing is eye-catching but deceiving

Central bank rate-cut pricing is eye-catching...

By Arif Husain

Arif Husain Head of Fixed Income and Chief Investment Officer, Fixed Income

February 2024 / VIDEO

The Fed Has Pivoted. What’s Next?

With cooling expectations, investors wonder when and how far U.S. rates will fall...

By Timothy C. Murray

Timothy C. Murray Capital Markets Strategist

January 2024 / INVESTMENT INSIGHTS

Putting cash to work in 2024

We explore three possible scenarios as U.S. interest rates peak

By Christina Noonan, Som Priestley & Douglas Spratley

January 2024 / INVESTMENT INSIGHTS

Attractive yields but narrow spreads: The credit dilemma

Attractive yields but narrow spreads: The...

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

Q4 Show

November 2023 / INVESTMENT INSIGHTS

Avoiding false signals in wait for peak U.S. Treasury yields

Avoiding false signals in wait for peak U.S....

A framework can be useful for evaluating whether U.S. Treasury yields have peaked

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

November 2023 / VIDEO

Implications for Bonds in Energy Cycle Transitions

Our credit analysts collaborate to help obtain a fuller picture of the credit environment...

By Justin Gerbereux, Elliot Shue & Mike Hyland

October 2023 / INVESTMENT INSIGHTS

Government Bond Issuance Boom to Pressure Yields Higher

Government Bond Issuance Boom to Pressure...

A flood of new global sovereign debt will affect market dynamics.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

September 2023 / INVESTMENT INSIGHTS

Using Artificial Intelligence to Enhance Our Investment Processes

Using Artificial Intelligence to Enhance...

Driving deliberate innovation with artificial intelligence tools to boost human decision-m...

By Robert W. Sharps

Robert W. Sharps Chief Executive Officer and President

September 2023 / INVESTMENT INSIGHTS

The Fairy Tale of a Soft Landing

The consensus view shift toward a mild downturn looks misplaced.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

August 2023 / VIDEO

A new era of Gulf aid: potential winners and losers

A new era of Gulf aid: potential winners...

A new era of Gulf aid could emerge—which countries could potentially benefit, and...

By Razan Nasser

Razan Nasser Sovereign Research Analyst, Fixed Income

August 2023 / INVESTMENT INSIGHTS

A New Fixed Income Regime—Three Active Portfolio Responses

A New Fixed Income Regime—Three Active Portfolio...

What to expect as monetary policy tightening moves closer to ending.

By Scott Solomon

Scott Solomon Co‑portfolio Manager, Dynamic Global Bond Strategy

August 2023 / INVESTMENT INSIGHTS

The Four U.S. Treasury Yield Phases of a Fed Tightening Cycle

The Four U.S. Treasury Yield Phases of a...

Portfolio managers collaborate to help shape duration positioning.

By Arif Husain

Arif Husain Head of International Fixed Income and Chief Investment Officer, Fixed Income

July 2023 / INVESTMENT INSIGHTS

From Crisis to Confidence: Spanish Banks Ready to Shine

From Crisis to Confidence: Spanish Banks...

Lessons from the Global Financial Crisis have left a stronger banking sector in Europe,...

By Rob Thomas

Rob Thomas Global Credit Analyst

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2025 Global Market Outlook

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