Home
|
Site Map
|
Contact Us
US
Europe
Australia
Singapore
Products & Services
About PIMCO
Press Center
Bond Resources
Career Information
Content Archive
PIMCO Foundation
Publications Archive
Click on the titles below to access historical PIMCO publications
Featured Market Commentary
Investment Outlook By Bill Gross
2008
·
08/08 Mooooooo!
·
07/08 Dear President Obama:
·
06/08 Hmmmmm?
·
04/08 All Quiet on the Western Front
·
03/08 When I'm Sixty-Four
·
02/08 No Country for Old Maids
·
01/08 Better Late Than Never
·
01/08 Pyramids Crumbling
2007 IO Archive
12/07
The Shadow Knows
10/07
Shadow Dancing
09/07
What Do They Know?
08/07
Where’s Waldo?Where’s W?
07/07
Enough is Enough
06/07
Looking for Contagion in All the Wrong Places
05/07
How We Learned to Stop Worrying (so much) and Love “Da Bomb”
03/07
Grim Reality
02/07
Ten Little Assets
01/07
100 Bottles of Beer on the Wall
01/07
The 5% Solution
2006 IO Archive
11/06
Reality Check
10/06
Alpha/Beta Anemia
09/06
Empty Nesting/Successful Investing
08/06
No Cuts, No Butts, No Coconuts
07/06
The End of History and the Last Bond Bull Market
05/06
Mission Impossible?
05/06
As GM Goes, So Goes the Nation
04/06
*@?#»! Bond Tradingand the Tyranny of Indexation
03/06
The Gang Who Couldn’t Talk Straight
02/06
Curveball
01/06
A Gift That Should Keep on Giving
2005 IO Archive
12/05
Secrets
11/05
Takin’ It To The Blog
10/05
Deliberate Acts Of Kindness
09/05
“Lunch” Time
08/05
"They’re" Winning
07/05
Fire!
05/05
The Strange Tale of the Bare-Bottomed King
04/05
Everything You Wanted to Know About The Universe But Were Afraid to Ask
03/05
I've Got to Admit It's Getting Better Getting Better All the Time
02/05
Sizing Up Social Security
01/05
Just a Singer in a Rock & Roll Band
2004 IO Archive
12/04
Too Much!
11/04
Tipping Over
10/04
Haute Con Job
09/04
Philosopher’s Stone
08/04
Lemonade for Sale
07/04
Back to the Garden
05/04
Circus Game
04/04
Anything But Treasuries — and JGBs (The Last Vigilante, Part III)
03/04
Takin' Care of Business (The Last Vigilante Part II)
02/04
The Last Vigilante
01/04
Tom Hanks - Portfolio Manager
2003 IO Archive
12/03
Imagine
11/03
Two Different Worlds (We live in...)
10/03
Clueless
09/03
"What, WE Worry?"
08/03
Hot Tips
07/03
Happiness Running
05/03
Is That All There Is - To A Fire?
04/03
Shaq Attack
03/03
The Hours
02/03
Hegemonic Decay
01/03
The Grand Scheme of Things
2002 IO Archive
12/02
Questions For The Genie
11/02
What a Fool Believes
10/02
Knock, Knock, Knockin' on Heaven's Door
09/02
Dow 5,000
08/02
Corporate Tilt
07/02
J.P. Morgan and Character - The Third Edition
05/02
Episode II
04/02
Brandies
03/02
Buffetting Corporate America
02/02
"Kennethed"
01/02
The Scouting Party
1999-2001 IO Archive
12/01
The Bond Bull Market Is Dead!Long Live The Bond Bull Market!
11/01
Born to "Loose"
10/01
Buying and Selling Hope
09/01
The Bells
08/01
Miracu(less)
07/01
North to Alaska
05/01
The WEAKEST Link
04/01
Ticker Tape Charade
03/01
Nuts!
02/01
New Age Crossroads
01/01
Invasion of the Bond Snatchers
12/00
Yo!
11/00
School Days
10/00
Do You Believe In Miracles?Productivity and the New Age Economy
09/00
Shakespeare vs. J.P. Morgan(Bonds in a New Age Economy)
08/00
Into the E-byss (Bonds in a New Age Economy)
06/00
Survivor...(Red Sky in the Morning)
05/00
Imagine...(The End of Treasuries and The Last Bond)
04/00
Goodbye to Butler Creek: Bonds In The New Age
03/00
You Can’t Always Get What You Want…(A Speech In Three Part Harmony)
02/00
Extra! Long Yields Peak
12/99
Christmas Party “Hearty ”
11/99
Half Brainer
10/99
Still Crazy After All These Years
09/99
Wrap, Wrap, Wrap...It's All In The Wrapper
08/99
BOYZ II MEN MEN II BOYZ
07/99
"Muhammad Alan" Puts Up His Dukes
05/99
Shakespeare In LoveThe Phantom Menace
04/99
Kosovo Forever
03/99
Foxes And Hedgehogs
Global Central Bank Focus (formerly Fed Focus) By Paul McCulley
2008
·
08/08 In the Fullness of Time
·
08/08 The Narrowing Ecologies of Global Growth
·
07/08 The Paradox of Deleveraging
·
06/08 A Kind Word for Inflation
·
05/08 What Does It Mean When Monetary Policy Conducts a Fiscal Policy Operation?
·
04/08 Credit, Markets, and the Real Economy: Is the Financial System Working? A Reverse Minsky Journey
·
03/08 Not Good Times
·
02/08 Chasing the Neutral Rate Down: Financial Conditions, Monetary Policy, and the Taylor Rule
·
01/08 A Perfervid Moment
2007 Global Central Bank Focus (formerly Fed Focus) Archive
11/07
Comments Before the Money Marketeers Club Minsky and Neutral: Forward and in Reverse
11/07
Perils of Plenty: Can Foreign Reserves Grow Forever?
10/07
A Reverse Minsky Journey
09/07
Teton Reflections
07/07
The Slip Between the Cup and the Lip
06/07
What Can Go Wrong: China*
05/07
Requiem For A Princess
04/07
The Costly Uncomfortable Reality About the Wrong Definition of Comfortable
03/07
The Plankton Theory Meets Minsky
01/07
If Fed Funds Rate “Fails” To Fall
2006 Global Central Bank Focus (formerly Fed Focus) Archive
01/07
Just-Right Ben?
11/06
Reflexive Potential
10/06
Time-Varying Variables Vary
08/06
At Seventeen
08/06
Don't Shoot Ben and Don't Short Bonds
06/06
A Kind Word for the Austrian School
05/06
Moral Hazard Interruptus
05/06
The Root of All Evil?
04/06
Ben in Tokyo:What He Said There Remains There
03/06
Comments Before The Money Marketeers Club: Musings on Inflation Targeting
02/06
The Knack for When and the Gift for How
01/06
Is The Price Right?
2005 Global Central Bank Focus (formerly Fed Focus) Archive
12/05
MEW Drag
11/05
Reflexive Disintermediation: Say What? Learning To Live With It
10/05
How To Break the Irony of Too Much Success
09/05
Pyrrhic Victory
08/05
Greenspan’s Watershed by Kathryn Welling*
07/05
Keeping the Rabbit at Home and the Dog at the Office
05/05
Fundamentals In Technical DragAre Still Fundamentals
04/05
Slow and Easy, Baby
03/05
Putting Politics In Your Economics
02/05
Conditionally Unconditional
01/05
Shades of Irrational Exuberance
2004 Global Central Bank Focus (formerly Fed Focus) Archive
12/04
Confessions of Optimistic, Principled Populists
11/04
A Debtor's Blessing
10/04
Managing It Forward
09/04
Of Scalloped Potatoes and Coconut Cream Pie
08/04
In Democracy We Trust
07/04
Winning The Peace
06/04
Comments Before the Tenth Annual UBS Seminar for Sovereign Institutions: A New Rule For Winning the Peace
05/04
Comments Before The Money Marketeers Club: A Brave New World
04/04
Doctor, My Eyes
03/04
Twice Blessed
02/04
Greenspan’s Best Friend
01/04
Isle of the Pears
2003 Global Central Bank Focus (formerly Fed Focus) Archive
12/03
Through Holes In The Floor Of Heaven
11/03
When Pleasure Is About Avoiding Pain*
10/03
"Our Currency, But Your Problem"
09/03
Sunshine Is A Great Disinfectant
08/03
Needed: Central Bankers with Far Away Eyes
07/03
Promiscuity In The Pursuit Of Virtue
06/03
My Best Shot
05/03
I Have Become An Inflation Targeter
04/03
A New Bull Market - In Government by Kathryn Welling
03/03
Skin Of A Reason
02/03
Sitting On The Dock Of The Cliff
01/03
Late For The Sky
2002 Global Central Bank Focus (formerly Fed Focus) Archive
12/02
Necking In The Mezzanine
11/02
The Morgan le Fay Plan
10/02
Of Vices And Virtues
09/02
Suspicions
08/02
Time to Roto Rooter the Lender-of-Last-Resort Function
07/02
Say A Prayer, He Won't Be The Pretender
06/02
Rotor Tilling Behind Bill's Tractor
05/02
Such A Lovely Place
04/02
Eating Crow With A Dr Pepper Chaser
03/02
Trade Your NAIRU Jacket For Some CAPRI Pants
02/02
Paradoxically Yours
01/02
Don't Sweat Rate Hikes By Kate Welling
1999-2001 Global Central Bank Focus (formerly Fed Focus) Archive
12/01
Eight Tracks Don’t Fit In A CD Player
11/01
Risk Is A Choice Rather Than A Fate
10/01
The Right Way
09/01
A Responsible Word for Irresponsibility
08/01
Getting Traction In Your Vision
07/01
Show A Little Passion, Baby
06/01
Prisoners Of Our Own Domain
05/01
Chin Wagging, Secularly
04/01
Post Bubble Disorder
03/01
Look, Honey, I Caught A Liverwurst!
02/01
Through Holes In the Floor Of Heaven
01/01
Capitalism's Beast of Burden
12/00
“Uncle,” Uncle Alan, “Uncle!”
11/00
Are You Long the Greenspan Put?
10/00
Exercising Free Dumb
09/00
Romancing Easing
08/00
We Are All Principled Populists Now
07/00
Playing Solitaire With a Deck of 51
06/00
NAIRU’s Valentine
05/00
If Only Alan Would Shrug
04/00
A Call For Fed Action: Hike Margin Requirements!
03/00
Fly Fishing In A Deli
02/00
Me and Morgan le Fay
01/00
In The Fullness Of Time
12/99
Skip The Fed Fandango
11/99
America's Wealth
10/99
State Of Mind
09/99
Principled Populism
Emerging Markets Watch By Michael Gomez and Curtis Mewbourne
2007
·
11/07 “The Times They Are a-Changin’”
·
08/07 Never Send to Know For Whom the Bell Tolls; It Tolls For Thee.
·
04/07 Can You (Point Your Fingers and Do the Twist)?
·
01/07 Emerging Markets – A Look Back, A Look Ahead
2006 EMW Archive
09/06
“Is It Safe?”
06/06
End of the Asset Class…Hardly
03/06
“It’s the Economy, Stupid…”
Global Markets
European Perspectives
2008
·
07/08 Euro Zone Divergences: The “Noise” is Increasing
·
06/08 Making Surpluses Stay
·
04/08 Haven't We Been Here Before?
·
04/08 Is Euroland Heading for a Recession (too)? Why the European Central Bank Should Be Proactive and Cut Now
·
01/08 The Cash Machine is Broken
2007 European Perspectives Archive
12/07
A Nasty Vicious Circle
12/07
Which One Do You Believe?
10/07
Euroland’s Real Estate and its Importance for the Euroland Economy and ECB Policy
09/07
The Coming Storm
08/07
Euro Zone Growth - Can It Last?
06/07
The Time Has Come for a Standardized If Not Unified Euroland Government Bond Market
05/07
Three Strikes and Out
03/07
Inflation and the Curve
03/07
Is Euroland Immune to U.S. Contagion?
02/07
The Bulletproof Bond
2006 European Perspectives Archive
12/06
The Winner’s Curse
11/06
Credit Creation Versus Headwinds
06/06
Normalization
03/06
House Prices and Monetary Policy
02/06
A Curve Too Flat?
U.S. Credit Perspectives
2008
·
07/08 It's Been a Long Time
·
05/08 Slimming Down
·
01/08 Triple Play
2007 U.S. Credit Perspectives
11/07
Driver or 2-Iron?
08/07
Eagle Putt
04/07
Still Renting
03/07
A New Era
2006 U.S. Credit Perspectives
12/06
Credit Innovation and Opportunities
08/06
Going for the Long Ball
06/06
For Sale
01/06
Hit, Stay, or Walk Away
Japan Credit Perspectives
2008
·
07/08 U.S. Subprime Loan Crisis and Japanese Credit Markets (Vol. 4)
·
05/08 U.S. Subprime Loan Crisis and Japanese Credit Markets (Vol.3)
·
01/08 U.S. Subprime Loan Turmoil and Japanese Credit Markets (Vol. 2)
2007 Japan Credit Perspectives Archive
10/07
U.S. Subprime Loan Turmoil and Japanese Credit Markets
06/07
How to Generate Potential Alpha in Credit Investment
04/07
Overview of
Japan
’s Residential Mortgage Market
2006 Japan Credit Perspectives Archive
09/06
Global Bond Market and Japan
05/06
Monetary Policy and Credit Markets
03/06
How to respond to policy change by the Bank of Japan
Global Perspectives
2008
·
05/08 Exchange Rates Since the Last Global Financial Crisis: What My Crystal Ball Didn’t Tell Me in 1998
·
04/08 After Fukui
·
01/08 More Shoes to Drop, But Investment Opportunities for 2008 Remain
2007 Global Perspectives Archive
10/07
A Hard Day’s Knight: The Global Financial Market Confronts Uncertainty, Not Just Risk (and the Difference is Important)
08/07
Quantifying the Exorbitant Privilege
05/07
Is Bad News About Inflation Good News for the Exchange Rate?
04/07
Petrodollars, the Savings Bust, and the U.S. Current Account Deficit
01/07
A Great Moderation, But Global Diversification Is Still A Great Deal
Global Macro Themes
2007
·
11/07 Themselves to the Mast
·
06/07 Finding the Exit
2006 Global Macro Themes Archive
10/06
Core, Headline and National Identity
Canadian Perspectives
2007
·
08/07 The Upside of a Meltdown
·
05/07 Changing on The Fly: Canadian Credit Markets
·
01/07 2007: The Year That External Weakness Overwhelms Internal Strength
Capital Perspectives
2008
·
02/08 Chasing the Neutral Rate Down: Financial Conditions, Monetary Policy, and the Taylor Rule
2007 Capital Perspectives
11/07
Perils of Plenty: Can Foreign Reserves Grow Forever?
06/07
When Capital Flows Uphill: Emerging Markets as Creditors
01/07
Petrodollars, Asset Prices, and the Global Financial System
PIMCO Spotlight
2008
·
06/08 PIMCO Secular Outlook 2008
·
06/08 Mark Hudoff Discusses the Outlook for the High Yield Bond Market
·
06/08 Mohamed El-Erian Discusses PIMCO’s Secular Outlook and Investment Strategy
·
05/08 A Tale of Two Cities
·
05/08 PIMCO’s Secular Forum: Looking Beyond the Business Cycle
·
03/08 Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
·
03/08 Pre-Forum Briefing
·
01/08 William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
2007 Spotlight Archive
12/07
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
12/07
Bill Gross Discusses PIMCO’s Global Outlook and Strategy for 2008
11/07
Pre-Forum Briefing
11/07
Rob Mead Discusses PIMCO’s Cyclical Outlook and its Implications for Australian Investors
11/07
Tomoya Masanao Discusses PIMCO’s Outlook and Strategy for Japan
11/07
Scott Mather Discusses PIMCO’s European Cyclical Outlook and Strategy
11/07
Craig Dawson Discusses Absolute Return Strategies
09/07
In Focus - Housing Articles
09/07
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
08/07
Pre-Forum Briefing
07/07
Rob Mead Discusses PIMCO’s Secular Outlook and its Implications for the Australian Economy and Markets
07/07
Chia-Liang Lian Discusses PIMCO’s Secular Outlook and its Implications for Asian Economies and Investment Strategy
07/07
Tomoya Masanao Discusses PIMCO’s Secular Outlook and Strategy for Japan
06/07
William C. Powers Discusses PIMCO’s Secular Outlook and Global Strategy
06/07
PIMCO's 2007 Secular Outlook
06/07
Bill Gross Discusses PIMCO’s Secular Outlook and Strategy
05/07
Chris Dialynas Discusses PIMCO’s Upcoming Secular Forum
05/07
PIMCO’s Secular Forum: Looking Beyond the Business Cycle
04/07
Scott Mather Discusses PIMCO’s European Outlook and Investment Strategy
04/07
Chia-Liang Lian Discusses PIMCO’s Asian Outlook and Investment Strategy
03/07
William C. Powers Discusses PIMCO’s Cyclical Outlook and Global Strategy
03/07
The Housing Project Update
03/07
Paul McCulley Discusses PIMCO’s Cyclical Outlook and Investment Strategy
02/07
Pre-Forum Briefing
01/07
Scott Mather Discusses PIMCO’s European Outlook and Investment Strategy
Press Releases
2008
·
08/08 PIMCO Hires Brigitte Posch as Emerging Markets Portfolio Manager
·
05/08 PIMCO Hires Eve Tournier as Credit Portfolio Manager
·
04/08 PIMCO Survey Finds DC Consultants Support Custom Target Date Strategies as Default Investment for Defined Contribution Plans
·
04/08 PIMCO Hires Christian Stracke as Co-Head of Credit Research
·
03/08 PIMCO Announces Promotions
·
01/08 PIMCO Names Five New Managing Directors
·
01/08 PIMCO Hires David N. Fisher as Global Product Manager
·
01/08 PIMCO CIO and Founder Bill Gross Comments on 3rd Morningstar Fixed-Income Manager of the Year Award
2007 Press Release Archive
09/07
PIMCO Announces Mohamed El-Erian to Rejoin Firm as Co-CEO, Co-CIO
04/07
PIMCO Hires Jamil Baz for Global Team
04/07
PIMCO Announces Promotions
01/07
PIMCO Names Two New Managing Directors
2006 Press Release Archive
10/06
PIMCO Strengthens Worldwide Capabilities Hiring Three Financial Experts in Global Strategy and Portfolio Management to New Positions
05/06
PIMCO’s Bill Gross’ 3 to 5 Year Investment Outlook Available as a Podcast in Japanese and English titled “Mission Impossible?”
03/06
PIMCO Announces New Promotions
02/06
PIMCO Strengthens Worldwide Capabilities Hiring Three Financial Experts in Global Strategy and Portfolio Management to New Positions
02/06
PIMCO Names Four New Managing Directors
01/06
The PIMCO Foundation Announces $335,000 in Grants to Support Charities and Community Organizations
Viewpoints
2008
·
08/08 Keep Your Seatbelt Fastened
·
08/08 Survival of the Financial Fittest
·
07/08 Market Outlook 3rd Quarter 2008
·
07/08 Crisis and Coherence: Finance Remains Vulnerable
·
07/08 Traversing Wild Market Swings
·
07/08 Understanding Real Yields (…and Negative Real Yields in TIPS)
·
07/08 Cy-Cular Change
·
06/08 When Markets Collide: Investment Strategies for the Age of Global Economic Change
·
06/08 How Best to Manage Global Imbalances
·
05/08 Announcing the Publication of a New PIMCO Book:Portable Alpha Theory and Practice: What Investors Really Need to Know
·
05/08 Why This Crisis Is Still Far From Finished
·
05/08 Chia-Liang Lian Discusses the Outlook and Investment Opportunities in China
·
04/08 Doug Hodge Discusses Asian Investment Trends and Strategies
2007 Viewpoints Archive
12/07
Money Market Turmoil: Did Enhanced Cash Strategies Overdo Risk?
12/07
Meeting the Construction Funding Challenge
11/07
James Moore and Rene Martel Discuss Long-Duration Overlay Strategies
10/07
Mark McCray and John Cummings Discuss PIMCO’s Outlook and Strategy in the Municipal Bond Market
10/07
Cyrille Conseil and Axel Potthof Discuss Opportunities in the Global Bank Loan Market
09/07
Doug Hodge Discusses Asian Investment Trends and Strategies
09/07
Renegade Economics: The Bretton Woods II Fiction
08/07
Creating the Next-Generation Glidepaths for Defined Contribution Plans
08/07
Market Outlook: Third Quarter 2007
06/07
An Introduction to the High Yield Municipal Bond Market and PIMCO’s Approach to High Yield Munis
05/07
Stacy Schaus Discusses Defined Contribution Trends and Concerns with Target Date Investment Defaults
02/07
Ivor Schucking Discusses PIMCO's Credit Research Process
01/07
Markowitz Bites Back: The Failure of CAPM, Compression of Risky Asset Spreads and Paths Back to Normalcy
Bond Basics
2008
·
01/08 Bond Basics: What Are Interest Rate Swaps and How Do They Work?
2007 Bond Basics Archive
12/07
Global Bond Market Growth Expands Opportunities
10/07
Duration: The Most Common Measure of Bond Risk
10/07
Mortgage-Backed Securities
09/07
What Are Corporate Bonds and What Advantages Do They Offer?
09/07
Everything You Need to Know About Bonds
08/07
Bond Basics: Emerging Market Bonds (External and Local Markets)
08/07
Bond Basics: What are Event-Linked Bonds and Why Invest in Them?
04/07
Liability-Driven Investing
03/07
Municipal Bonds: A Unique Fixed-Income Asset Class
Product Focus
2008
·
08/08 Chris Dialynas Discusses PIMCO’s Unconstrained Bond Strategy
·
03/08 PIMCO’s Fundamental Advantage Strategies