By Jerome M. Schneider, Kate Lehrkind, William Martinez, Jerry Woytash | Dec 09, 2019 Sponsored Repo: Salve for a Constrained Repo Market, or Potential Funding Destabilizer? The recent repo squall shined a spotlight on “sponsored repo” transactions, a growing segment of the U.S. overnight funding market.
By Jerome M. Schneider, Tiffany Wilding, C. Del Anderson | Oct 28, 2019 A Shift in Approach Could Help Keep Short-Term Markets Liquid We think there are policy tools in the Fed arsenal that wouldn’t materially alter the soundness of the banking system but could allow cash to move more freely.
By Jerome M. Schneider | Sep 27, 2019 Steering Away From Volatile Markets: Short-Term Bonds May Offer Value As Fed Eases Short-term bonds could rise in price and potentially maintain a high degree of liquidity in response to Federal Reserve rate cuts.
By Jerome M. Schneider, William Martinez, Jerry Woytash | Sep 18, 2019 Repo Rate Spike: A ‘Tail’ Of Low Liquidity Markets can prove interesting when the price of liquidity abruptly increases and high yield is no longer the highest-yielding investment.
By Jerome M. Schneider | May 30, 2019 Quick Takes: Can De-Risking Portfolios Support Returns Too? For investors looking to earn income and de-risk portfolios, short-term investments may be an attractive opportunity.
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.
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Aaditya Thakur Alex Petrone Andrew Balls Andrew Bosomworth Andrew Pyne Andrew T. Wittkop Anmol Sinha Beth MacLean Bill Smith C. Del Anderson 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 Gavin Power Gene Frieda Geraldine Sundstrom Giang Bui Greg E. Sharenow Harin de Silva Isaac Meng Ismael Orenstein James Moore Jamil Baz Jeff Helsing Jelle Brons Jerome M. Schneider Jerry Woytash Joachim Fels John M. Devir John R. Cavalieri Joshua Anderson Julie P. Callahan Kate Lehrkind Kenneth Chambers 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 Nicholas J. Johnson Nicola Mai Olivia A. Albrecht Peder Beck-Friis Philippe Bodereau PIMCO Pramol Dhawan Ray Huang Richard Clarida Rick Chan Robert Mead Ryan Murphy Sabeen Firozali Sachin Gupta Samuel Mary 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 William Martinez Yacov Arnopolin Yishan Cao
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