Credit Crunch: PGIM Credit’s Peters on Convergence, Crowding Out
“The idea of patient capital is something of a dinosaur,” says Greg Peters, co-CIO for PGIM Credit, on the speed with which markets can reprice. “The rise of algos and...
By Aditya Somani · Bloomberg
“The idea of patient capital is something of a dinosaur,” says Greg Peters, co-CIO for PGIM Credit, on the speed with which markets can reprice. “The rise of algos and CTAs, you’re just seeing a lot more volatility in the market.” Peters joins Bloomberg Intelligence’s Noel Hebert on the latest episode of the Credit Crunch podcast to discuss the market function, why sovereign and AI funding needs risk crowding-out behavior in markets, particularly at the long end, and the importance of a new resp