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
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Unlocking Alternative Investments Across the Liquidity Spectrum - Seamlessly Spanning Public and Private Markets
Macro Signposts highlights takeaways from the data analysis conducted by our team of economists and other experts.
What if investors could maintain their core equity exposure while seeking an additional source of return, like fixed income yield? In this video, Jerome Schneider, PIMCO’s Head of Short-Term Strategies, explains the concept of portable alpha and how it can help investors overlay skill-based return potential (alpha) over market exposure (beta). Using real-world examples, he walks through how portable alpha works, the key implementation risks behind the strategy, and why manager expertise can make the difference between preserving and diluting excess return potential.
With resilience concentrated among wealthier households, investors should prioritize quality and structure across consumer-linked ABF investments.
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.
Labor costs adjusted for productivity have a strong record in pointing to the underlying trend.
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.
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.
Macro Signposts
