By Jerome M. Schneider, Tina Adatia, Kenneth Chambers | May 06, 2019 Repos: A Fresh Look at a Key Driver of Short-Term Returns It’s time to pay attention to repos, the building blocks of return for many short-term strategies.
By Courtney Garcia, Jerome M. Schneider | May 02, 2019 The Future Without Libor, Part II: How Will Non-Derivative Markets Transition to Alternative Rates? As the transition away from Libor (the London Interbank Offered Rate) as the industry-preferred floating-rate benchmark continues, many investors are raising concerns about how both new and existing short-term and floating-rate instruments currently indexed to Libor will adjust when Libor is no longer available.
By Courtney Garcia, Jerome M. Schneider | May 02, 2019 The Future Without Libor, Part I: Transition Framework for Derivatives Many investors wonder what will happen in their portfolios following the retirement of Libor as the predominant floating-rate benchmark index. The derivative industry, including investment managers, is preparing for the transition, though uncertainties remain.
By Jerome M. Schneider, Tina Adatia, Kenneth Chambers | Mar 12, 2019 Balancing Act: Maintaining Liquidity and Purchasing Power with Short-Term Bonds Investors are walking a tightrope today, balancing risk-taking and risk management.
By Jerome M. Schneider, Tina Adatia, Kenneth Chambers | Nov 20, 2018 Packing for the Holidays: Reducing Risk with Short-Term Bonds Markets don’t always take a break during the festive season.
By Jerome M. Schneider, Tina Adatia | Oct 03, 2018 Fearing the Next Recession? Investing at the Front End of the Bond Market After such a prolonged period of U.S. economic growth, investors may be wondering if it’s time to take some chips off the table.
By Jerome M. Schneider, Kenneth Chambers | Aug 23, 2018 Updating Cash and Short-Term Portfolios: Why Replay That CD? Looking through your old compact disc collection can be nostalgic. Similarly, many investors with cash to invest turn to what they remember from a simpler time.
By Jerome M. Schneider | Jul 30, 2018 5 Reasons to Like the Front End of the Yield Curve We believe the front end of the U.S. bond market may provide investors a good balance of liquidity, capital preservation and income in a rising rate environment.
By Jerome M. Schneider, Andrew T. Wittkop, Nathan Chiaverini | May 21, 2018 Value in Short Bonds: ‘We’re Not in Kansas Anymore’ Short-term yields look much more attractive than many stock dividends and longer-dated fixed income instruments.
By Jerome M. Schneider | Apr 18, 2018 Managing Volatility in Short-Term Markets: The Global Liquidity Ladder Having the flexibility to manage and deploy portfolio liquidity is like having a ladder to higher ground.
By Jerome M. Schneider, Andrew T. Wittkop | Feb 27, 2018 Tapping Yield at the Front End of the Curve PIMCO sees opportunities for investors at the front end of the yield curve and believes investors could potentially benefit from expanding their toolkits to include active short-term strategies.
By Rick Chan, Jerome M. Schneider | Jul 27, 2017 Looking Past Libor: What’s Next for Investors? Uncertainty about the unwinding of Libor could increase spread volatility and create opportunities in products indexed to short-term rates as the market evolves.
By Jerome M. Schneider | Jul 12, 2017 In Search of Yields, Are Cash Investors Becoming Complacent About Risk in Prime Funds? Autopilot liquidity management that seeks yield without proper compensation for liquidity or credit risk could lead to investor regret down the road.
By Jerome M. Schneider | Feb 17, 2017 Encroaching Risks to Capital Preservation An improving growth picture gives fodder to the Fed to increase rates this year – possibly several times. It should also be a signal for capital preservation and liquidity investors.
By Jerome M. Schneider, Andrew T. Wittkop | Jan 09, 2017 Post Fed Hikes, All Short-End Yields Are Not Created Equal Investors should take note of the low absolute yields which many “cash equivalent” assets offer, in both absolute and relative terms.
By Jerome M. Schneider | Nov 17, 2016 After the U.S. Election: The Four R’s of Investing for Capital Preservation Now that we have clarity on the U.S. election and seem to be on the precipice of a Fed hike, it is time to refresh the rules for investing for capital preservation.
By Jerome M. Schneider, Andrew T. Wittkop, Nathan Chiaverini | Sep 15, 2016 The Rising Costs of Capital Preservation An investment in money market funds since the beginning of 2009 would have decreased purchasing power by more than 14% on a cumulative basis.
By Jerome M. Schneider | Jun 27, 2016 Mind the Gaps (Although They Are Small at This Juncture) The Brexit vote caught many investors flat-footed but central bankers charged with liquidity management merely lifted an eyebrow.
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Aaditya Thakur Abhijeet Neogy Aditi Gupta Alex Petrone Andrew Balls Andrew Bosomworth Andrew DeWitt Andrew Pyne Andrew T. Wittkop Anmol Sinha Beth MacLean Cathy Stahl Christian Stracke Chris Brightman Courtney Garcia Daniel H. Hyman Daniel J. Ivascyn David Hammer David L. Braun Ed Devlin Emily Y. Au-Yeung Emmanuel Roman Emmanuel S. Sharef Erin Browne Eve Tournier Francesc Balcells Gavin Power Gene Frieda Geraldine Sundstrom Giang Bui Graham A. Rennison Greg E. Sharenow Harin de Silva Hozef Arif Isaac Meng Ismael Orenstein James Moore Jamil Baz Jeff Helsing Jelle Brons Jerome M. Schneider Joachim Fels John M. Devir John R. Cavalieri Josh Davis Joshua Anderson Julie P. Callahan Kenneth Chambers Kent Smith Ketish Pothalingam Kristofer Kraus Kwame Anochie Laura Graff Libby Cantrill Lillian Lin Loren Sageser Lorenzo Pagani Lupin Rahman Marc P. Seidner Mark R. Kiesel Matthew Livas Matthew Tracey Michael Althof Michael Connor Michael Kim Mihir P. Worah Mike Amey Mike Cudzil Mohsen Fahmi Naila Makhdumi Nathan Chiaverini Niamh Whooley Nicholas J. Johnson Nicola Mai Olivia A. Albrecht Philippe Bodereau PIMCO Pramol Dhawan Ray Huang Richard Clarida Rick Chan Robert Mead Ryan Murphy Sachin Gupta Scott A. Mather Sean McCarthy Sonali Pier Stacey Shi Stephen Chang Taosha Wang Tiffany Wilding Tina Adatia Tomoya Masanao Tony Crescenzi Vinicius Silva Wesley Chan Yacov Arnopolin Yishan Cao
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