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Blog
Data Underpinning CPI Report Suggest U.S. Inflation Moderated Materially in March
12 April 2023
March inflation data may put the Federal Reserve close to its terminal policy rate this cycle, if it hasn’t already reached it.
Economic and Market Commentary
Two Former Fed Leaders Decode Central Banks: Part 2
01 June 2023
In this two-part series, former Fed chairman Dr. Ben Bernanke, who is now a senior advisor at PIMCO, and Dr. Richard Clarida, a former Fed vice chairman who now is PIMCO’s global economic advisor, share policymakers’ playbook for navigating global challenges. For other insights and our latest economic outlook visit: pimco.com/secular.
Economic and Market Commentary
Two Former Fed Leaders Decode Central Banks: Part 1
01 June 2023
In this two-part series, former Fed chairman Dr. Ben Bernanke, who is now a senior advisor at PIMCO, and Dr. Richard Clarida, a former Fed vice chairman who now is PIMCO’s global economic advisor, share policymakers’ playbook for navigating global challenges. For other insights and our latest economic outlook visit: pimco.com/secular.
Economic and Market Commentary
Positioning Portfolios for Today’s Markets
18 May 2023
Find out how we’re positioning portfolios across global asset classes, and why we remain cautious on risk overall, with Erin Browne, portfolio manager and head of asset allocation.
Economic and Market Commentary
Targeting Relative Value Opportunities
18 May 2023
Learn how we’re finding interesting relative value opportunities across asset classes and within asset classes, and why we think there are many reasons to be excited about the opportunities ahead, with Erin Browne, portfolio manager and head of asset allocation, and Justin Blesy, asset allocation strategist.
Viewpoints
When High Alpha Met Low Beta
18 May 2023
A closer look at performance across hedge fund styles.
Viewpoints
Modernizing the Diversification Toolkit: Allocating to Defensive Alternatives
15 May 2023
A guide for investors embarking on the journey of building a defensive alternatives program.
Viewpoints
Spring Brings Cautious Optimism to U.S. Housing Market
11 May 2023
Although affordability remains an obstacle, recent data offer reasons to be more constructive as broader conditions still appear supportive of home prices.
Viewpoints
Sustainable Investing: Insight Through Engagement
10 May 2023
Engagement is an essential tool for sustainable investing, as it can enhance investment insight and help influence positive change.

Economic & Market Commentary

Economic and Market Commentary
Two Former Fed Leaders Decode Central Banks: Part 1
01 June 2023
In this two-part series, former Fed chairman Dr. Ben Bernanke, who is now a senior advisor at PIMCO, and Dr. Richard Clarida, a former Fed vice chairman who now is PIMCO’s global economic advisor, share policymakers’ playbook for navigating global challenges. For other insights and our latest economic outlook visit: pimco.com/secular.
Economic and Market Commentary
Two Former Fed Leaders Decode Central Banks: Part 2
01 June 2023
In this two-part series, former Fed chairman Dr. Ben Bernanke, who is now a senior advisor at PIMCO, and Dr. Richard Clarida, a former Fed vice chairman who now is PIMCO’s global economic advisor, share policymakers’ playbook for navigating global challenges. For other insights and our latest economic outlook visit: pimco.com/secular.
Economic and Market Commentary
Positioning Portfolios for Today’s Markets
18 May 2023
Find out how we’re positioning portfolios across global asset classes, and why we remain cautious on risk overall, with Erin Browne, portfolio manager and head of asset allocation.
Economic and Market Commentary
Targeting Relative Value Opportunities
18 May 2023
Learn how we’re finding interesting relative value opportunities across asset classes and within asset classes, and why we think there are many reasons to be excited about the opportunities ahead, with Erin Browne, portfolio manager and head of asset allocation, and Justin Blesy, asset allocation strategist.
Economic and Market Commentary
Whether Pause or Pivot, Look to Bonds
10 May 2023
An allocation to fixed income may help investors navigate a potential recession as well as uncertainty around the Federal Reserve’s policy trajectory.
Economic and Market Commentary
Three Themes Investors Need to Know
20 April 2023
Watch PIMCO experts discuss the three macro themes investors should watch for throughout the rest of 2023.
Economic and Market Commentary
The Time for Bonds
20 April 2023
In these highly uncertain times, bonds now offer investors attractive yields, plus diversification and capital appreciation potential.
Economic and Market Commentary
History Rhymes: Preparing for an Imminent Recession
05 April 2023
Studying over 70 years of data lead us to believe that a recession may be imminent. Watch PIMCO Economist Tiffany Wilding discuss the economic implications of rising interest rates, and why investors may do well to stay invested in bonds.
Economic and Market Commentary
Fractured Markets, Strong Bonds
04 April 2023
The effects of tighter financial conditions are becoming apparent, bringing forward the risk of recession while suggesting a supportive backdrop for bonds.

Viewpoints

Viewpoints
When High Alpha Met Low Beta
18 May 2023
A closer look at performance across hedge fund styles.
Viewpoints
Modernizing the Diversification Toolkit: Allocating to Defensive Alternatives
15 May 2023
A guide for investors embarking on the journey of building a defensive alternatives program.
Viewpoints
Spring Brings Cautious Optimism to U.S. Housing Market
11 May 2023
Although affordability remains an obstacle, recent data offer reasons to be more constructive as broader conditions still appear supportive of home prices.
Viewpoints
Sustainable Investing: Insight Through Engagement
10 May 2023
Engagement is an essential tool for sustainable investing, as it can enhance investment insight and help influence positive change.
Viewpoints
Debt Ceiling Debate: Examining Risks Around the X Date
27 April 2023
Debt ceiling concerns are rippling through financial markets. We discuss the potential risks and opportunities for investors.
Viewpoints
Distressed Commercial Real Estate Offers Actionable Opportunity
26 April 2023
Commercial real estate markets, already stressed going into 2023, have suffered additional repercussions from the recent banking turmoil. Find out how current challenges may create opportunities for investors.
Viewpoints
Canada’s Economy: Strong Banks, Vulnerable Consumers
25 April 2023
We believe Canada’s banking sector is more insulated from some of the issues facing the U.S. banking system, and as a result, credit conditions in Canada may tighten less than in the U.S.
Viewpoints
China’s Reopening, Trade Tensions Create Opportunities Within Emerging Markets
18 April 2023
EM as a whole stands to potentially benefit from China’s post-pandemic economic reopening, with differentiation among individual countries as global trade allegiances shift.
Viewpoints
Real Estate Value in Turbulent Markets
18 April 2023
We analyze the good, the bad, and the ugly of the correction in global commercial real estate.

Blog

Blog
On-and-Off-and-On-Again Progress Toward a U.S. Debt Ceiling Agreement
23 May 2023
We remain constructive on a deal coming together in time to avert a default on U.S. debt, though we expect continued drama in the very near term.
Blog
Pausing Is Not on the ECB’s Agenda as Inflation Concerns Persist
04 May 2023
The European Central Bank hikes rates and indicates there is more ground to cover.
Blog
Evolving Risks Prompt One More (Likely Final) Fed Hike
03 May 2023
Tighter credit conditions pose increasing risks to economic activity, leading the U.S. Federal Reserve to signal a likely pause.
Blog
Data Underpinning CPI Report Suggest U.S. Inflation Moderated Materially in March
12 April 2023
March inflation data may put the Federal Reserve close to its terminal policy rate this cycle, if it hasn’t already reached it.
Blog
Cyclical Outlook Key Takeaways: Fractured Markets, Strong Bonds
04 April 2023
Economic and market stresses raise the risk of a recession. Fixed income can offer the potential for attractive yield and stability amid the uncertainty.
Blog
Fed Weighs Stubborn Inflation Against Banking System Stress
23 March 2023
Slower credit growth may curtail broader U.S. economic growth, taking pressure off the Federal Reserve.
Blog
5 Key Takeaways from China’s 14th National People’s Congress
17 March 2023
China’s central government puts high-quality growth as top priority, along with continued support for business and opening-up.
Blog
The ECB Hikes Rates Amid Financial Market Volatility
16 March 2023
In a dovish move, the central bank raises rates by half a point.
Blog
Regional Bank Stress Puts Spotlight on Cash Management
14 March 2023
Shocks to the U.S. banking system underscore how even cash holdings can involve risk and also suggest that the timeline for a recession may have drawn nearer.

Understanding Investing

Understanding Investing
Understanding Gold Prices
01 August 2022
Even after gold ceased to be the “standard” in the global monetary system last century, it maintains its glitter as a viable investment, especially during periods of rising inflation.
Understanding Investing
Understanding Alternative Investments
26 April 2021
Alternative investments offer opportunities to diversify portfolios in times of market uncertainty. But among a range of options, investors must first understand the risks and benefits.
Understanding Investing
Can ESG Investing Drive Positive Change?
08 January 2020
As part of PIMCO’s ESG process, we believe that identifying and successfully engaging with companies that are willing to improve their ESG standing is critical for investors.
Understanding Investing
Understanding Tail Risk
Learn about “tail risk” and how portfolios can be managed to minimize losses without curtailing growth.
Understanding Investing
Understanding Premium Municipal Bonds
Municipal bonds priced at a premium often provide the same return as par bonds that have the same credit quality and structure – with the added potential benefit of higher cash flows and lower market volatility.
Understanding Investing
High Yield Bonds
High yield bonds – defined as corporate bonds rated below BBB− or Baa3 by established credit rating agencies – can play an important role in many portfolios. They typically offer higher coupons than government bonds or high grade corporate bonds (or, corporates) and have the potential for price appreciation in the event of an improvement in the economy, or performance of the issuing company (of course, if these conditions worsen, then prices can also go down). Because the high yield sector generally has a low correlation to other sectors of the fixed income market along with less sensitivity to interest rate risk, an allocation to high yield bonds may provide portfolio diversification benefits. In addition, high yield bond investments have historically offered similar returns to equity markets, but with lower volatility.
Understanding Investing
Understanding Preferred Securities
Traditional preferred securities (“preferreds”) are fixed-income investments with equity-like features mainly issued by large banks and insurance companies.
Understanding Investing
Understanding Hedged Share Classes
Hedged share classes can be a useful tool for mutual fund investors to gain exposure to assets denominated in foreign currencies, without taking on the full accompanying currency risk.
Understanding Investing
Duration
Most bond investors know that interest rate changes can affect the value of their fixed income holdings. How a bond or bond portfolio’s value is likely to be impacted by rising or falling rates is best measured by duration.
How can PIMCO help you?
For more information and answers to your questions, please contact us.