What’s Pushing Long-Term Bond Yields Higher?
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PIMCO Perspectives
Old-Fashioned Bond Math for a New-Fashioned Fed
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Real Estate Outlook
Real Estate: From Repricing to Relevance
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Secular Outlook
Rupture and Resilience
Strategies to Help Your Clients Achieve Their Investment Goals
Stay Informed with PIMCO's Insights
Most U.S. investment grade and high yield borrowers appear positioned to withstand refinancing costs, but CCC rated issuers face greater pressure as elevated yields meet weaker balance sheets.
The Federal Reserve chairman discussed monetary policy principles, the economy, and AI – and left little doubt the Fed is focused on taming inflation.
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
Direct lending defaults are harder to observe than public market defaults, but analysis suggests financial distress has risen markedly since 2022.
A confluence of rising sovereign debt, surging AI-related corporate bond issuance, and inflation concerns has lifted 30-year yields in the U.S. and elsewhere to two-decade highs.
Labor costs adjusted for productivity have a strong record in pointing to the underlying trend.
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
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.
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.
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 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.