With recent U.S. rates movement and 10-year Treasury yields reaching the highest levels in about a year, investors may be wondering what it means for their bond allocations. Rachel Betton, PIMCO Municipal Bond Portfolio Manager, discusses why the traditional benefits of muni bonds can be amplified during periods of rising rates, how active muni managers can nimbly navigate changing rate environments, and the opportunities PIMCO’s dedicated muni team is uncovering today.
PIMCO is one of the world’s premier fixed income investment managers. With our launch in 1971 in Newport Beach, California, PIMCO introduced investors to a total return approach to fixed income investing. In the nearly 50 years since, we have worked relentlessly to help millions of investors pursue their objectives – regardless of shifting market conditions. As active investors, our goal is not just to find opportunities, but to create them. To this end, we remain firmly committed to the pursuit of our mission: delivering superior investment returns, solutions and service to our clients.