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Tony Crescenzi

Portfolio Manager, Market Strategist

Mr. Crescenzi is an executive vice president, market strategist and generalist portfolio manager in the New York office. He is also a member of the Investment Committee. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak, and worked for both Lehman Brothers and Prudential Bache. Mr. Crescenzi has written six books, including "The Strategic Bond Investor" and "Beyond the Keynesian Endpoint." He regularly appears on CNBC and Bloomberg television and in financial news media. Mr. Crescenzi taught in the executive MBA program at Baruch College from 1999-2009. He has 39 years of investment experience and holds an MBA from St. John's University and an undergraduate degree from the City University of New York.

Latest Insights

Bonds are Back: The 3 Fs (Pressure Points) and Moderating Inflation
31 January 2023
Tony Crescenzi and host John Nersesian discuss the 3 F’s (The Fed, Fiscal Policy, and Financial Conditions) that may reduce inflation rate. Learn why today’s higher starting yields across fixed income sectors – combined with potentially lower volatility – help set the stage for bond investors to pursue alpha in 2023. Visit to explore solutions in every market environment.
Why Yields Fell, and What Happens Next
06 August 2021
PIMCO’s base case forecast includes a modest rise in U.S. Treasury yields, amid likely volatility and risks to the outlook.
Cyclical Outlook Key Takeaways: Investing in a Fast-Moving Cycle
11 January 2022
A long-term focus and a rigorous approach to portfolio construction may help investors navigate uncertainty as the mid-cycle expansion advances.
Economic and Market Commentary
Investing in a Fast-Moving Cycle
11 January 2022
A long-term approach can help investors position for opportunities in a volatile and rapidly advancing business cycle.