January 06, 2023
US Corporate Pension Review and Preview 2023
History will reflect that 2022 was a wild ride on many levels. US equities entered a bear market and many other equity markets around the world suffered even larger drawdowns. Interest rates rose notably, credit spreads widened, the US Treasury yield curve had its largest inversion in over 40 years, and fixed income investors saw some of their largest annual losses ever. Conversations around whether the US will enter recession, and, if so, when and how deep it would be, were pervasive. Our US Corporate Pension Review and Preview recaps the last 12 months and provides a look at the themes that we believe will be relevant for plan sponsors in 2023.