Categorie: Pimco

Opportunities in Mortgage-Backed Securities

Daniel Hyman, co-head of PIMCO’s agency mortgage portfolio management team, and Alfred Murata, mortgage credit portfolio manager, discuss opportunities in mortgage-backed securities in light of the outlook for the U.S. housing market. See how mortgage-backed securities have performed relative to other credit sectors. Read Now

Fed on Inflation: ‘Stabilize’ … ‘Sustained’ … ‘Symmetric’

Although there was no drama in the Federal Reserve’s decision today to remove 25 basis points of accommodation (also known as a policy rate hike), there was a surprising – and laudable – amount of substance in the changes to the accompanying Fed statement. This is a Fed that likes to say it’s data-dependent, but … Lees verder Fed on Inflation: ‘Stabilize’ … ‘Sustained’ … ‘Symmetric’

In Credit Research, Indexes Equal Opportunity

Next month, more than 1,000 bonds worth over $300 billion will vanish from the Bloomberg Barclays U.S. Aggregate Index. Their disappearance reflects market dynamics that tend to benefit active fixed income managers with robust research processes while putting passive investment managers at a disadvantage. Passive managers who track the bond benchmark will have to sell … Lees verder In Credit Research, Indexes Equal Opportunity

U.S. Jobs Report: What’s Behind the Uptick in Labor Participation?

Today’s U.S. labor market report solidified market expectations that the Federal Reserve will raise the fed funds rate by 25 basis points at its two-day meeting next week. February’s payroll gains were solid at 235,000, boosting the three-month moving average to 200,000 per month, up from the 150,000 average in December. To be sure, a few … Lees verder U.S. Jobs Report: What’s Behind the Uptick in Labor Participation?

Where We See Strength in Equity Markets

Geraldine Sundstrom, managing director and portfolio manager, discusses the importance of equities as an asset class when investors believe in both global growth and inflation. Visit PIMCO’s asset allocation page to learn more about where PIMCO sees value across global asset classes. READ HERE

Market Response to Trump’s Speech Doesn’t Change Policymaking Realities

The market’s overwhelmingly favorable reaction to President Trump’s first speech to a joint session of Congress was not necessarily surprising: President Trump veered away from the more protectionist and nationalistic tone of his inaugural address to instead deliver a more hopeful, conciliatory and unifying speech. He sought to reassure nervous congressional Republicans that he is … Lees verder Market Response to Trump’s Speech Doesn’t Change Policymaking Realities