The U.S. dollar has lately become the front-runner in the currency sweepstakes, but we believe the currency Triple Crown will likely prove elusive in 2018.

With BB spreads at relatively attractive levels, we believe it’s time to reconsider this overlooked area of high yield credit.

Most international equity strategies are unhedged, which generally benefits U.S. investors in periods of dollar weakness but creates a headwind for returns when the dollar is strengthening.

Short-term yields look much more attractive than many stock dividends and longer-dated fixed income instruments.

One important objective for PIMCO’s ESG (environmental, social and governance) initiative is to incorporate the UN SDGs into our engagement activity as a framework for focus, accountability and ultimately measuring impact.

Economic growth and moderating political views may allay concerns.

The 10-year U.S. Treasury yield broke 3% recently to much fanfare.

With trade policy, geopolitics and emerging markets currently top-of-mind for many investors, the spring meetings were especially relevant.

The move caused China’s entire yield curve to drop 15 basis points and raised interesting questions about the PBOC’s policy intent.

Having the flexibility to manage and deploy portfolio liquidity is like having a ladder to higher ground.

In our view as investors, the U.S. Federal Housing Finance Agency’s (FHFA) “Single Security” initiative is emblematic of a sunk cost fallacy.

If a recent U.S. court ruling stands, as many expect, it could increase potential opportunities for investors in collateralized loan obligations (CLOs).

We believe that successful engagement can reduce credit risk, unlock value and influence positive impact.

We believe a diversity of perspectives on an investment management team sparks innovation and uncovers the best solutions to help clients achieve their objectives.

Bonds from the Middle East make up an ever greater portion of emerging market debt, and how these countries adjust to their fiscal challenges will be crucial for investors.

Italy’s general election this weekend is arguably the most important political event in Europe this year.

During the second most significant repricing in U.S. Treasury bond yields since 2013, emerging market debt has so far significantly outperformed equity, oil and U.S. Treasury beta.

A key question for investors is will momentum beget momentum with Congress delivering more pro-growth policies, or will Washington revert to its steady state of paralysis? Here is what we see on the horizon for 2018.