Chocolate is always sweet, especially at Christmas, but cocoa at current levels may yield bitter returns.
PIMCO managing directors discuss the December Fed announcement of a 25 basis point hike in the federal funds rate, the outlook for the Fed in the coming year and the implications for investors.
The latest choice for finance minister, Pravin Gordhan, is widely seen as market-friendly, but the quick turnover in a weakening economy raises questions.
After much anticipation, the U.S. Federal Reserve hiked the federal funds rate by 25 basis points (bps) signaling the start of a cautious tightening cycle after seven years of a near zeroper cent policy rate. What does this mean for Canada?
For as long as investors have viewed emerging markets as a discrete asset class, the prospect of the U.S. Federal Reserve embarking on an interest rate hiking cycle has been a source of worry. Will that change?
There were at least five surprises in the 556-word statement, and all of them tilted toward the dovish hike that many in the markets – and PIMCO – had expected.
A close look at today’s CPI report reveals reasons for optimism on both inflation and growth.
The volatility currently roiling the U.S. high yield market hasn’t changed our view on credit; but it does reinforce the notion that active management is key for investors who have the flexibility to look for winners and avoid losers in this corner of the bond market.
PIMCO held its quarterly Cyclical Forum last week, and it won’t surprise anyone that we spent a lot of time talking about the Federal Reserve.
Increased regulation across the globe has driven banks to pragmatically review the use of their balance sheets. Higher hurdles for return on equity have led these institutions to reconsider their commitments to the repo market, the plumbing of our financial system.