Old-Fashioned Bond Math for a New-Fashioned Fed
Explore the Best Ideas from Our Global Investment Team
BDC equities continue to trade at significant discounts to NAV, reflecting skepticism toward reported marks, a concern reinforced by valuation levels that have yet to fully reset, even as BDC bonds continue to outperform their stocks.
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
Higher starting yields are creating opportunities across global fixed income. Group CIO Dan Ivascyn explains why quality, liquidity, and global diversification can be key to building portfolio resilience in an uncertain environment, and how the strategy pursues attractive income potential without reaching for added risk.
As AI-related issuance reshapes bond markets, differences in U.S. dollar and euro performance offer new insights into the roles of supply and technical factors.
As markets evolve and new issuance reshapes the credit landscape, investors have an expanding opportunity set across global fixed income. PIMCO Portfolio Manager Sonali Pier explains why active credit selection, global diversification, and a relative value approach is especially important today. She discusses how investors can seek attractive income opportunities while maintaining a focus on liquidity, quality, and flexibility.
Group CIO Dan Ivascyn explains why resilience, quality, and global diversification matter more than reaching for risk amid geopolitical conflict, credit stress, and the AI boom.
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
Foreign demand for U.S. assets – especially credit – remains resilient amid broader macro and market uncertainties.
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
Higher yields have created a stronger foundation for bond investors. Andrew Balls, CIO Global Fixed Income, discusses why actively managed global bonds may offer compelling opportunities for income, diversification and resilience as regional growth, inflation and policy trends continue to diverge.
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
Leverage and complexity are gaining ground in today’s late-cycle markets, signaling caution – not crisis – and underscoring the value of diversification and risk management.