By Daniel J. Ivascyn | May 09, 2019 What Is the U.S. Yield Curve Signaling About the Economic Outlook? Group CIO Dan Ivascyn says that while there’s considerable uncertainty going forward, it’s premature to suggest a recession is imminent.
By Robert Mead | May 07, 2019 Political Winds in Australia and the Likelihood of Lower-for-Longer Interest Rates Although the Commonwealth Government can borrow for 10 years at the lowest rate on record, the burden of policy support has continued to fall on the Reserve Bank of Australia.
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 David L. Braun | Dec 31, 2018 Quick Takes: Are Fears of Higher Rates Overdone? Rates are rising, but the benefits of investing in core bonds remain.
By Andrew Bosomworth | Dec 14, 2018 Longer-Term Risks Complicate ECB's Policy Path: Beware the Pillars of Hercules Will the ECB have sufficient firepower – and support from the population – to spur the economy when the next recession arrives?
By Andrew Balls, Tina Adatia, Joachim Fels | Nov 02, 2018 Opportunities and Value in Emerging Markets Despite a challenging environment, the fundamentals of emerging market countries are generally good and valuations are relatively attractive.
By Tony Crescenzi | Oct 12, 2018 Rising Rates: Not So Fast A variety of factors will likely limit the scope for rates to rise significantly.
By Daniel H. Hyman | Oct 12, 2018 Quick Takes: Will Rising Rates Hurt the Housing Market? Daniel Hyman, co-head of PIMCO’s agency mortgage portfolio management team, provides insight into the factors that inform our favorable view of the housing market.
By Tiffany Wilding | Aug 27, 2018 The Uncertainty Principle: Fed Weighing Policy Risks Federal Reserve Chairman Jerome Powell’s remarks at the annual Jackson Hole Symposium emphasized several important uncertainties about the structural aspects in the U.S. economy that greatly complicate the central bankers’ medium-term job of setting monetary policy.
By Sachin Gupta, Olivia A. Albrecht | Aug 09, 2018 The Global Bond Paradox: How Hedging Can Enhance Low Local Yields Despite low bond yields in many countries outside the U.S., hedged yields may be quite attractive for U.S. dollar-based investors.
By Tiffany Wilding | Aug 01, 2018 Fed Meeting: Important Details to Come? The meeting minutes due in a few weeks will likely shed light on the Fed’s longer-term framework for implementing monetary policy.
By Scott A. Mather, Anmol Sinha | Jul 03, 2018 Rates: How Fast and How Far Will They Rise? Is much of the expected rise in interest rates behind us? Scott Mather, CIO of U.S. core strategies, and Anmol Sinha, fixed income strategist, discuss the path for rates in 2018 and beyond.
By Daniel J. Ivascyn | Jun 27, 2018 Finding Pockets of Value Group CIO Dan Ivascyn discusses where PIMCO sees opportunities amid the late-cycle environment in the U.S., increased volatility in emerging markets and bond yield differentials between the U.S. and other developed countries.
By Daniel J. Ivascyn | Jun 26, 2018 The Outlook for Interest Rates Group CIO Dan Ivascyn discusses where PIMCO sees interest rates heading in the later stages of the U.S. economic cycle.
By Tiffany Wilding | Jun 13, 2018 The Fed Raises Rates as Expected but the Path of Future Hikes Grows More Uncertain The Fed’s dilemma: overtightening versus overheating.
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 Tiffany Wilding | May 02, 2018 Fed Poised to Let Inflation Accelerate, a Little The May statement emphasized the symmetry of the Fed’s 2% inflation target and indicated that the Fed’s baseline outlook remains for two or three additional interest rate hikes in 2018.
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Andrew Balls Andrew Bosomworth Andrew T. Wittkop Anmol Sinha Beth MacLean Courtney Garcia Daniel H. Hyman Daniel J. Ivascyn David L. Braun Ed Devlin Gene Frieda Geraldine Sundstrom Jamil Baz Jerome M. Schneider Joachim Fels Joshua Anderson Mihir P. Worah Mike Amey Mohsen Fahmi Nathan Chiaverini Olivia A. Albrecht PIMCO Richard Clarida Rick Chan Robert Mead Sachin Gupta Scott A. Mather Steve Sapra Tiffany Wilding Tina Adatia Tony Crescenzi
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