Portfolio Manager, European Rates
Mr. Veit is an executive vice president and portfolio manager in the London office, where he oversees the European rates and short-term desks. He is also a permanent member and current chair of the European portfolio committee. Previously at PIMCO, his responsibilities have included a portfolio manager role on the European short-term desk and overseeing the European portfolio associates, the European collateral desk, and the European cash desk. Mr. Veit has also worked in PIMCO's Tokyo, Newport Beach, and Munich offices. He joined PIMCO in 2006. He has 17 years of investment experience and holds a master's degree in economics from J.W. Goethe-University Frankfurt. He also holds a master's degree in piano from the Academy of Music Detmold, Germany. He is a CFA charterholder.
13 July 2021
The European Central Bank (ECB) unveiled a newly reformulated, more ambitious inflation target. Without new mechanisms to achieve it, however, we believe inflation will remain stubbornly stuck well below 2%.
15 December 2022
The European Central Bank is likely to continue hiking rates next year, but the end point remains uncertain.
08 September 2022
We expect the European Central Bank to continue aggressively hiking rates this year, though moderating from the 75-basis-point level.
28 October 2022
The central bank noted that substantial progress has been made in withdrawing monetary policy accommodation, and expressed concerns around growth and policy transmission lags.
29 November 2021
The COVID-19 crisis spurs cohesion, but fresh challenges await.
27 September 2022
Swap-paying flows, a flight to quality, and collateral scarcity in a record low liquidity environment in European markets have contributed to distortions on the asset swap curve, creating opportunities for active managers to provide liquidity and increase return potential.
15 August 2022
As the European Central Bank leaves negative policy rates behind, attractive valuations herald a much-improved total return potential.
16 March 2023
In a dovish move, the central bank raises rates by half a point.
03 February 2023
The European Central Bank raised its policy rate, and more hikes are coming.