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PIMCO Perspectives

What’s Pushing Long-Term Bond Yields Higher?

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.

Sustainable Investing

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Featured Insights

Economic and Market Commentary

Balanced portfolios are back: Higher bond yields are restoring fixed income’s role as both a potential source of income and a powerful diversifier.

Macro Signposts

Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.

Economic and Market Commentary

With resilience concentrated among wealthier households, investors should prioritize quality and structure across consumer-linked ABF investments.

The Credit Market Lens

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.

Economic and Market Commentary

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

Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.

The Credit Market Lens

Direct lending defaults are harder to observe than public market defaults, but analysis suggests financial distress has risen markedly since 2022.

PIMCO Perspectives

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.

Economic and Market Commentary

Labor costs adjusted for productivity have a strong record in pointing to the underlying trend.

Macro Signposts

Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.

The Credit Market Lens

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

Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.

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