Viewpoints SDG Bonds: Their Time Has Come The emergence of bonds linked to sustainable development goals signals that fixed income markets have entered a new phase.
The bond market has seen a flurry of issuances whose proceeds are mapped to the SDGs, including green, social, and sustainability bonds, as well as a growing number of issuers embracing the SDGs in their strategies. PIMCO has championed the UN SDGs as a reference framework for sustainable debt issuance and issuers’ sustainability reporting.A rising group of issuers in a broad range of sectors has also come to the market with sustainability-linked loans, which have incentives for borrowers to achieve sustainability performance objectives; these can include overall practices (such as B-Corp certification and human and labor rights audits), as well as output (e.g., low- carbon products and services) and outcomes (e.g., carbon emission reduction or waste recycling). Increasingly, these objectives are related to the UN SDGs. To Read the Full Article Log In Or Register
Blog The ECB Is Not Done Yet The European Central Bank raised its policy rate, and more hikes are coming.
Blog Fed Seeks to Balance Competing Risks Investors face mixed signals between the Federal Reserve’s policy guidance and recent economic developments.
Blog Trying to Make Apple Juice From Oranges: The Problem With Comparing Market Pricing and Fed Projections As investors seek to pinpoint market expectations for Federal Reserve policy, it’s critical to consider not just rate projections and derivatives pricing, but the degree of uncertainty and distribution of outcomes.
Viewpoints The U.S. Debt Ceiling Debate: Expecting Resolution, Appreciating the Stakes We believe Congress will reach an agreement before the debt limit is reached, but markets could face turbulence later this year.
Strategy Spotlight Income Fund Update: A New Bond Cycle Is Dawning We believe fixed income markets offer higher yields and better valuations than in years, and we’ve positioned the Income portfolio to further benefit amid potential for volatility and a weakening economy.
Blog Dollar Strength: Sum of All Fears The dollar is set to weaken as fears over last year’s shocks abate.
Blog European Outlook: Less Downside Now, But Caution Still Warranted Focusing on high quality and liquidity when taking risk in portfolios will be key in 2023, as pressure on monetary policy remains intense.
Viewpoints Sustainability‑Linked Bonds: Coming of Age The fast-growing market for sustainability-linked bonds offers opportunities, and we believe issuers would benefit by incorporating even more ambitious performance metrics and goals.
Viewpoints Climate and COP27: Political Pressures, Investment Implications The recent UN Climate Change Conference helped advance initiatives important to sustainable investing, especially the global energy transition.
Understanding Investing PIMCO’s Best Practice Guidance for Corporate Sustainable Bond Issuance PIMCO’s ESG (environmental, social, and governance) analyst team outlines the following best practices for issuers of green, social, sustainability or sustainability-linked bonds.