Featured Insights
Economic and Market Commentary
2023/10/02
Discover how active management in short-term bonds may help investors earn premium returns over cash for a modest increase in risk, while maintaining diversification and resilience in the face of economic downturns.
Viewpoints
2023/10/02
Quant investing in credit is an exciting frontier, but success relies on more than just the application of what is known to work well in equities. Learn how PIMCO’s 50+ years of credit expertise gives our clients an edge.
Viewpoints
2023/09/28
Watch an introduction to European data centers and uncover why this is a secular growth trend, as well as a high conviction view at PIMCO. In this exclusive video, Kirill Zavodov, Portfolio Manager, discusses the outlook ahead and opportunities in this space with Russell Poole, CEO, Apto Ltd.
Viewpoints
2023/09/22
Public credit markets offer high quality investments with attractive yields and downside resilience, while we see growing longer-term opportunities in private markets.
Viewpoints
2023/09/13
Watch our latest views on green bond investing in credit – including corporate, sovereign, covered, and securitized bonds.
Economic and Market Commentary
2023/09/07
PIMCO’s Global Advisory Board discusses economic and geopolitical factors shaping the long-term global outlook.
Viewpoints
2023/09/01
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
Economic and Market Commentary
2023/08/30
Despite inflation trending lower, bond yields have risen higher. Mike Cudzil, portfolio manager, explains the reasons behind the surge and why we think fixed income is particularly attractive right now.
Viewpoints
2023/08/30
We have updated our five-year capital market assumptions to reflect changes in markets.
Economic & Market Commentary
Economic and Market Commentary
2023/10/02
Discover how active management in short-term bonds may help investors earn premium returns over cash for a modest increase in risk, while maintaining diversification and resilience in the face of economic downturns.
Economic and Market Commentary
2023/09/07
PIMCO’s Global Advisory Board discusses economic and geopolitical factors shaping the long-term global outlook.
Economic and Market Commentary
2023/08/30
Despite inflation trending lower, bond yields have risen higher. Mike Cudzil, portfolio manager, explains the reasons behind the surge and why we think fixed income is particularly attractive right now.
Economic and Market Commentary
2023/08/23
Group CIO Dan Ivascyn shares his views on how asset-based lending – currently among PIMCO’s favorite investment sectors – offers equity-like return potential and other benefits.
Economic and Market Commentary
2023/07/24
Get a quick overview of current credit markets, why we favor high quality and some parts of the high yield market, and the importance – and power – of a flexible multi-sector approach in today's global markets.
Economic and Market Commentary
2023/07/06
Learn how investors can navigate an evolving investment landscape by taking advantage of attractive opportunities, like today’s high starting bond yields.
Economic and Market Commentary
2023/06/20
Our long-term outlook embraces a flexible, long-term approach to seize opportunities in debt and equity investments across the real estate landscape.
Economic and Market Commentary
2023/06/14
In an excerpt from our recent Secular webcast, Group CIO Dan Ivascyn explains that as riskier sectors slowly adjust to tighter credit conditions, high-quality bonds can offer starting yields that are comparable to longer-term equity returns with potentially less volatility.
Economic and Market Commentary
2023/06/09
Markets will likely face more volatility as the global economy exits a period of massive fiscal and monetary support. Listen to our outlook for the global economy and markets over the next five years.
Section 1: Key Takeaways
Section 2: Secular Theme
Section 3: Investment Implications
Viewpoints
Viewpoints
2023/10/02
Quant investing in credit is an exciting frontier, but success relies on more than just the application of what is known to work well in equities. Learn how PIMCO’s 50+ years of credit expertise gives our clients an edge.
Viewpoints
2023/09/28
Watch an introduction to European data centers and uncover why this is a secular growth trend, as well as a high conviction view at PIMCO. In this exclusive video, Kirill Zavodov, Portfolio Manager, discusses the outlook ahead and opportunities in this space with Russell Poole, CEO, Apto Ltd.
Viewpoints
2023/09/22
Public credit markets offer high quality investments with attractive yields and downside resilience, while we see growing longer-term opportunities in private markets.
Viewpoints
2023/09/13
Watch our latest views on green bond investing in credit – including corporate, sovereign, covered, and securitized bonds.
Viewpoints
2023/09/01
We believe idiosyncratic credit events may occur over the next 12 months, but systemic bank risk is remote.
Viewpoints
2023/08/30
We have updated our five-year capital market assumptions to reflect changes in markets.
Viewpoints
2023/08/22
David Forgash, portfolio manager, leveraged finance, and Mathieu Clavel, portfolio manager, European private credit, talk about what opportunities exist for distressed investors and why PIMCO is a trusted solutions provider.
Viewpoints
2023/08/17
Matt Tuten, portfolio manager, structured credit, and Devin Chen, portfolio manager, private real estate, share insights about why PIMCO is able to identify opportunities that others don’t and why a pivot during the pandemic paid off.
Viewpoints
2023/08/10
Jamie Weinstein, portfolio manager, private credit, and Mohit Mittal, portfolio manager, multi-sector credit, discuss deals that require cross-functional collaboration and how PIMCO’s shared intelligence played a crucial role during the banking crisis in 2023.
Blog
Blog
2023/09/21
The Federal Reserve forecasts only a modest uptick in U.S. unemployment next year as inflation cools, but history and current labor market trends make us less certain.
Blog
2023/09/14
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.
Blog
2023/08/28
The Fed chair’s high-profile speech emphasized the central bank’s focus on taming inflation.
Blog
2023/08/23
PIMCO’s Sustainable Investing Report provides our latest thinking on sustainability. Here, we highlight the report's key takeaways on engagement, human capital, and carbon analytics.
Blog
2023/08/10
Commodities stand to benefit from underinvestment and the clean energy transition.
Blog
2023/08/03
The sovereign credit rating cut is unlikely to significantly change views toward U.S. Treasuries, but questions about debt sustainability may grow louder over time.
Blog
2023/07/28
The Bank of Japan announced changes that could allow its yield curve control program to expire gradually, if economic conditions are favorable.
Blog
2023/07/27
After the European Central Bank hikes rates, focus shifts from how high to how long.
Blog
2023/07/26
Amid an outlook for slower growth and more moderate inflation, the Fed shifts to data dependence.
Education & Research
Understanding Investing
2022/08/01
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
2021/04/26
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
2020/01/08
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
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
Learn about “tail risk” and how portfolios can be managed to minimize losses without curtailing growth.
Understanding Investing
Inflation-linked bonds, or ILBs, are securities designed to help protect investors from inflation. Primarily issued by sovereign governments, such as the U.S. and the UK, ILBs are indexed to inflation so that the principal and interest payments rise and fall with the rate of inflation. Inflation can significantly erode investors’ purchasing power, and ILBs can potentially provide protection from inflation’s effects. ILBs may also offer additional benefits in a broader portfolio context.
Understanding Investing
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.
Understanding Investing
Traditional preferred securities (“preferreds”) are fixed-income investments with equity-like features mainly issued by large banks and insurance companies.
Understanding Investing
Inflation affects all aspects of the economy, from consumer spending, business investment and employment rates to government programs, tax policies, and interest rates. Understanding inflation is crucial to investing because inflation can reduce the value of investment returns.
How can PIMCO help you?
For more information and answers to your questions, please contact us.