Thursday, June 23, 2022 - 00:00
The varied responses of individual countries to global inflationary pressures have contributed to elevated real-rate differentials between developed and emerging markets.
Thursday, June 23, 2022 - 00:00
To celebrate Pride Month, four PIMCO executives share their perspectives on inclusion and diversity in the workplace and the importance of visible representation.
Wednesday, June 22, 2022 - 00:00
We believe shorter business cycles, elevated volatility, and diminished policy responses warrant a focus on portfolio resilience over reaching for yield.
Tuesday, June 21, 2022 - 00:00
This year’s surge in yields is restoring value to the bond market, especially with the likelihood of a recession rising, although it remains uncertain when market momentum might turn.
Friday, June 17, 2022 - 00:00
Following strong double-digit profit growth in FY2021, we expect Chinese banks will be less profitable this year as COVID-19 lockdowns continue to disrupt China’s economy.
Wednesday, June 15, 2022 - 00:00
The Federal Reserve ratchets up the pace of monetary tightening, raising questions about the U.S. growth outlook.
Tuesday, June 14, 2022 - 00:00
Despite soaring inflation in Europe, hedges appear cheap
Friday, June 10, 2022 - 00:00
The proliferation of semiconductors throughout our economy may drive more durable, less cyclical demand and earnings.
Friday, June 3, 2022 - 00:00
The Biden administration faces rampant inflation in the U.S. but has limited tools to stem the rise in gas and grocery prices.
Wednesday, May 11, 2022 - 00:00
Heightened market volatility has led to misconceptions about credit, in our view. We dispel four of them here.
Thursday, May 5, 2022 - 00:00
In the absence of immediate and substantive policy easing at the national level, we believe that the sector could pose a serious risk to the government’s GDP growth target in 2022.
Thursday, May 5, 2022 - 00:00
Federal Reserve hikes policy rate 50 basis points, while remaining flexible in fighting inflation.
Thursday, May 5, 2022 - 00:00
Higher yields, wider credit spreads, and other common market reference metrics suggest relative valuations for muni bonds have become attractive.
Thursday, April 28, 2022 - 00:00
The Bank of Canada embarked on a swift tightening path, but secular forces still weigh on the longer-run interest rate outlook.
Wednesday, April 27, 2022 - 00:00
Sanctions on Russia’s foreign currency reserves will likely stymie the rise of the Chinese renminbi as a competitor to the U.S. dollar.
Thursday, April 14, 2022 - 10:24
The countries’ weight in global trade is relatively small, but outsize exports of raw and semi-finished goods may portend price hikes across a variety of industries.
Wednesday, April 13, 2022 - 13:54
While Beijing has set an ambitious growth target this year with a generous fiscal stimulus plan, new COVID-19 waves are adding to mounting headwinds amid a slowing global economy.
Wednesday, April 13, 2022 - 00:00
As the West cuts Russian energy supplies, U.S. shale oil and natural gas producers may regain global dominance.
Friday, April 1, 2022 - 00:00
Parsing the yield curve can lead to a variety of conclusions about whether a downturn is coming, while underscoring the importance of flexibility.
Wednesday, March 30, 2022 - 00:00
Supply chains set to become less dependent on China over time.
Wednesday, March 23, 2022 - 00:00
Significant uncertainty clouds the outlook as the global economy confronts a shock that is negative for growth and will likely spur further inflation. Recession risks have increased.
Wednesday, March 16, 2022 - 00:00
The U.S. Federal Reserve raised the policy rate at the March meeting and signaled more hikes to come given the risks from high inflation.
Wednesday, March 9, 2022 - 00:00
Restructured debt has often outperformed the broader municipal bond market as issuers emerge from bankruptcy with higher debt-servicing capacity.
Wednesday, March 2, 2022 - 00:00
Commodities appear attractive amid elevated inflation, lingering supply-demand imbalances and high roll yields
Thursday, February 10, 2022 - 16:46
U.S. inflation outpaced consensus estimates for January, likely complicating the policy path for the central bank.