You are now leaving the PIMCO website.
Skip to Main Content
Experts

Konstantin Veit

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 18 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.
Economic and Market Commentary

While the European Central Bank cut policy rates by 25 basis points to 3.75% on its deposit facility, the trajectory beyond June remains unclear.

Economic and Market Commentary

While the European Central Bank refrained from declaring victory at its April meeting, a June rate cut seems increasingly likely.

Economic and Market Commentary

While market pricing looks more reasonable, European Central Bank rate cuts, which could commence in June, are unlikely to be delivered as aggressively as the market expects in 2024.

Economic and Market Commentary

While interest rates have presumably peaked, we remain skeptical that rate cuts will be delivered as forcefully as the market expects.

Economic and Market Commentary

While the ECB is unlikely to raise rates further, we remain skeptical that it will deliver rate cuts as early as the market expects.

Economic and Market Commentary

The ECB may raise rates further, but we believe the yield sell-off makes European duration increasingly attractive.

Economic and Market Commentary

The European Central Bank is likely at or very near its peak policy rate, but we don’t expect rate cuts in the near term.

Economic and Market Commentary

After the European Central Bank hikes rates, focus shifts from how high to how long.

Economic and Market Commentary

The European Central Bank (ECB) hikes rates and signals more tightening ahead.

Tell us a little about you to help us personalize the site to your needs.

Terms and Conditions

Please read and acknowledge the following terms and conditions:
{{!-- Populated by JSON --}}
Select Your Location

Americas

Europe, Middle East & Africa