Insights
Featured Insights
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Group CIO Dan Ivascyn discusses the benefits of locking in today’s elevated bond yields ahead of potential central bank rates cuts around the globe.
Diverging Markets, Diversified Portfolios
In our Cyclical Outlook, we see the paths of major economies poised to diverge, making it critical to actively seek out investment opportunities globally.
Opportune Time for High-Quality Global Bonds
Learn how actively managed core bonds may benefit investor portfolios amid historically high yields and shifting macroeconomic conditions.
David Braun, Portfolio Manager, discusses why today's starting yields and cooling inflation create a compelling case for investors to enter the bond market and the important role active managers play.
Back to the Future: Term Premium Poised to Rise Again, With Widespread Asset Price Implications
This PIMCO Perspectives assesses how the term premium’s 40-year downturn could start to reverse.
High Quality Credit Opportunities
CIO Global Credit Mark Kiesel and Jason Duko, Portfolio Manager, discuss why now is the time to invest in high quality global corporate bonds, loans and high yield credit given current market dynamics.
Unlocking the Power of Private Credit
Private credit tends to refer to non-bank lending, where loans are made directly to companies or borrowers. In this video, Lalantika Medema, Executive Vice President and Product Strategist, explains the concept and the areas of opportunity today.
Tune into an engaging discussion on aviation finance and learn how PIMCO has partnered with High Ridge Aviation to deliver funding solutions to this exciting area of specialty finance.
Many investors remain in cash, but we think it’s time to shift exposure to bonds.
Economic & Market Commentary
This is a carousel with individual cards. Use the previous and next buttons to navigate.
Group CIO Dan Ivascyn discusses the benefits of locking in today’s elevated bond yields ahead of potential central bank rates cuts around the globe.
Diverging Markets, Diversified Portfolios
In our Cyclical Outlook, we see the paths of major economies poised to diverge, making it critical to actively seek out investment opportunities globally.
Back to the Future: Term Premium Poised to Rise Again, With Widespread Asset Price Implications
This PIMCO Perspectives assesses how the term premium’s 40-year downturn could start to reverse.
PIMCO Group CIO Dan Ivascyn discusses the key implications for bonds, stocks, and cash as central banks hold rates at elevated levels.
With equity valuations stretched and cash yields fleeting, bonds look attractive by many measures.
Four Economic Themes to Know in 2024
Economist Tiffany Wilding shares four macro themes from our 2024 outlook likely to influence global markets, including the potential for a U.S. interest rate-cutting cycle.
Opportunity in Focus: Private Credit
Listen to Group CIO Dan Ivascyn discuss balancing opportunities and risks in private credit today, and why selectivity remains key to take advantage of attractive multi-year prospects.
Capitalizing on Market Shifts in 2024
Watch Group CIO Dan Ivascyn discuss how investors can navigate 2024’s global market dynamics, emphasizing the importance of actively managed, high-quality bonds with appealing yields and valuations given today’s uncertain environment.
Navigating the Descent
Our Cyclical Outlook for the global economy and markets over the next year.
Viewpoints
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Opportune Time for High-Quality Global Bonds
Learn how actively managed core bonds may benefit investor portfolios amid historically high yields and shifting macroeconomic conditions.
David Braun, Portfolio Manager, discusses why today's starting yields and cooling inflation create a compelling case for investors to enter the bond market and the important role active managers play.
High Quality Credit Opportunities
CIO Global Credit Mark Kiesel and Jason Duko, Portfolio Manager, discuss why now is the time to invest in high quality global corporate bonds, loans and high yield credit given current market dynamics.
Unlocking the Power of Private Credit
Private credit tends to refer to non-bank lending, where loans are made directly to companies or borrowers. In this video, Lalantika Medema, Executive Vice President and Product Strategist, explains the concept and the areas of opportunity today.
Tune into an engaging discussion on aviation finance and learn how PIMCO has partnered with High Ridge Aviation to deliver funding solutions to this exciting area of specialty finance.
Pramol Dhawan, PIMCO’s Head of Emerging Markets, explores the evolving dynamics of emerging markets and how the firm’s unique strategies, global reach and robust relationships help clients navigate the asset class.
2024 European Credit Outlook
Where can investors turn to as market uncertainty prevails? PIMCO experts Nicola Mai and Charles Watford discuss the economic outlook and opportunities ahead in European credit markets.
Explore PIMCO's history and approach to alternative investments from a panel discussion at our recent Alternatives Investor Conference.
Decoding Quant Strategies
Explore PIMCO's approach to quantitative investment strategies at our recent Alternatives Investor Conference.
Blog
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Despite its cyclical and secular challenges, we believe Europe is a good diversifier for duration in global portfolios.
ECB: Eyeing a June Rate Cut
While the European Central Bank refrained from declaring victory at its April meeting, a June rate cut seems increasingly likely.
The March U.S. inflation report and other macro data will likely prompt a change in the Federal Reserve’s trajectory in 2024.
Recent signals from major central banks suggest challenges ahead with easing monetary policy amid above-target inflation.
Federal Reserve officials appear locked in for multiple rate cuts this year, despite inflation reaccelerating – raising questions about the speed and timing of this easing cycle.
The BOJ's exit from monetary easing provides fresh opportunities for bond market investors.
ECB: Next Stop, June
While market pricing looks more reasonable, European Central Bank rate cuts, which could commence in June, are unlikely to be delivered as aggressively as the market expects in 2024.
OPEC+ strategies and geopolitical tensions could roil markets.
Debt levels will likely continue to rise absent policy changes, and the yield curve is likely to steepen.
Education & Resources
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Before Economic Forums were mainstream on Wall Street, our investment professionals were gathering to identify economic and market trends for our clients. Decades later, the cornerstone of our process is stronger and more important than ever.
Tony Crescenzi and host John Nersesian take a deep dive into today’s bond market and the impact of Fed policy, how investors should be thinking about their fixed income allocations now, and the compelling opportunities presented by higher starting yields across sectors. To explore outcomes for every market, visit pimco.com/outcomes.
Understanding Gold Prices
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 Alternative Investments
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.
As investors, we believe ESG fixed income – or bonds – could soon rise to a place of leadership in sustainable investing.
Watch as John Nersesian, head of advisor education, discusses how financial professionals can identify, measure, and communicate their significant contributions and outcomes to their clients. Interested in continuing education on the topic? Visit pimco.com/advisoreducation.
During periods of extreme market volatility, investors often focus on short-term returns not long-term goals. Learn how advisors can help reduce negative consequences of emotional decision making by providing valuable guidance in this video.
Offering a wide range of potential opportunities for active investors, sustainable bonds are an increasingly important part of global fixed income markets.
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.