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.