Even after this year’s rally, we believe investors can still seek potential yields of 3%–6% in the U.S. credit markets.
CIO Global Credit Mark Kiesel discusses how macro and market trends – including the European Central Bank’s new program to purchase corporate bonds – are aligning to create attractive opportunities in key areas across the global credit sector.
Given absolute and relative valuations, credit offers a compelling balance between risk and reward potential.
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.
CIO Global Credit Mark Kiesel discusses how fundamentals, technicals and valuations have all aligned to create attractive opportunities in today’s global corporate credit market.
In this video, Mark Kiesel, PIMCO’s CIO Global Credit, discusses key trends influencing global credit markets, such as the longer-term outlook for interest rates, potential for more stimulus in China and market fundamentals, particularly in the U.S.
We remain constructive on the U.S. housing market, which is likely to continue to grow faster than the overall economy, and we see attractive opportunities in this sector.
The U.S. energy revolution continues to be a game changer for America: It is likely to outperform the broader market over the longer term as energy prices gradually recover and as the U.S. produces more of the world’s supply of natural gas and oil.
As major central banks pursue accommodative monetary policy, private sector fundamentals improve and technical factors continue to support the fixed income markets, we are constructive on credit. We identify four regions where select industries and companies may be best positioned for growth over the next three to five years.
Apr 24, 2015
Although economic data have been mixed so far this year, we remain constructive on U.S. housing for five reasons.
Economic and Market Commentary