As expected, Ottawa presented a cautious budget for 2017 that focused more on implementation than on bold new initiatives, and there is much to commend about Finance Minister Bill Morneau’s wait-and-see approach.
Daniel Hyman, co-head of PIMCO’s agency mortgage portfolio management team, and Alfred Murata, mortgage credit portfolio manager, discuss opportunities in mortgage-backed securities.
The Fed added language that its liftoff path is expected to be consistent with 2% inflation.
What has been the impact of the bank’s purchases, and what can we expect in the sterling credit market once the BOE withdraws?
Changes in index composition represent a source of potential return for active bond managers.
The factors driving the participation rate higher since November are somewhat different from those earlier in 2016.
The UK is about to enter a period of potential uncertainty, and the greatest gift the Chancellor can provide to the government is economic protection.
There is a strong case for the ECB to continue tapering its QE programme, to alter its forward guidance and to begin normalising policy rates.
Geraldine Sundstrom, managing director and portfolio manager, discusses the importance of equities as an asset class when investors believe in both global growth and inflation.
Mihir Worah, CIO Asset Allocation and Real Return, discusses several major transitions currently underway in the global economy and details three of PIMCO’s high-conviction asset allocation views.