Uncertainties that caused U.S. Treasuries to rally and yield curves to undulate in November may persist and could contribute to volatility into year-end.

Disruptive trends and fatter tail risks highlight the importance of selection within asset classes and regions.

With major central banks likely to exercise patience in the face of price pressures, inflation-linked assets may be attractive allocations.

The recent surge in oil and natural gas prices highlights the interconnected nature of energy markets, as well as the complexities of transitioning away from fossil fuels.

Stronger-than-expected U.S. inflation data in October may prompt the Federal Reserve to consider tapering faster and hiking sooner.

The Federal Reserve navigated its tapering announcement without much market volatility, but faces the challenge of managing rate expectations amid elevated inflation risks.

The volatility that has roiled short-term bonds signals a shift in expectations for central bank policy in developed markets.

A radically different macro environment should yield good opportunities for investors able to navigate the difficult terrain.

We do not expect widespread contagion across China’s real estate or banking sectors despite the challenging outlook.

Elevated risks to inflation expectations appear to have prompted Federal Reserve officials to revise their policy rate hike projections higher.

While Congress makes progress on infrastructure legislation, the specter of another debt-ceiling showdown gives investors cause for concern.

PIMCO’s base case forecast includes a modest rise in U.S. Treasury yields, amid likely volatility and risks to the outlook.

The U.S. Fed stopped short of providing “advance notice,” but a December tapering announcement remains likely.

The European Central Bank (ECB) unveiled a newly reformulated, more ambitious inflation target. Without new mechanisms to achieve it, however, we believe inflation will remain stubbornly stuck well below 2%.

A bipartisan deal on infrastructure spending would likely be followed by a separate partisan deal funded by tax increases.

Leveraged loan issuers have lagged other fixed income market issuers in moving to SOFR as a reference rate, posing potential risks to investors as the year-end deadline approaches.

Economic growth and inflation will likely peak in 2021 and then moderate in 2022 as fiscal and monetary policy support recede.

Buoyed by faster growth and higher inflation expectations, the Fed advances rate hikes to 2023 and broaches the topic of tapering.