The Federal Reserve again nudged the Fed funds rate target down another 25 basis points to 1.75%-2.0% in its latest policy meeting. In a sign of just how divided the Fed is over the appropriate policy stance, however, three FOMC members dissented from the decision.
Do utility bonds issued by more carbon-intensive utilities trade at a discount? Or are bonds issued by utilities with less reliance on coal—but with yields similar to their peers—the better trade? PGIM Fixed Income credit analysts weigh in.
Marine veteran Marvin Sosa is one of seven interns in PGIM’s inaugural student veteran cohort program, which connects college-enrolled veterans with quality work experience, as well as career coaching, professional development and networking opportunities.