Commentary

What China’s 14th Five-Year Plan Means for Investors

It will continue to be important to be an active investor during this period of transition and to carefully monitor the impact of policy on credit sectors.

Commentary

Distressed Credit Opportunities on Rise Amid Uncertainties in Middle Markets

Liquidity issues and other business risks could prompt a wave of defaults and restructurings, in turn creating fertile ground for opportunistic investing in distressed credit.

Commentary

Income Fund Update: Navigating an Uneven Recovery

We are cautiously optimistic about economic growth over the next year, but over the longer term, disruptive factors will likely contribute to heightened volatility and lower returns across both fixed income and equity markets.

Commentary

How Active Short‑Term Strategies Can Fill the Void Left by the Diminished Money Market Landscape

Amid an environment of near-zero benchmark and T-bill yields, for a modest increase in risk, PIMCO's short-term strategies may offer higher levels of total return and income for stepping beyond the confines of money market fund strategies.

Commentary

All Asset All Access: Preparing Portfolios for Longer‑term Risks and Contrarian Opportunities

In our view, inflation-fighting asset classes look considerably cheaper and offer higher long-term estimated returns than mainstream stocks and bonds.

Commentary

Monthly Municipal Market Update, October 2020

A brief monthly update on what's happening in the municipal bond market.

Commentary

First the Election, Now the Governing: Fiscal Policy Priorities, Challenges, and Implications

Washington will likely focus on fiscal stimulus immediately – but given the realities of governing and the pandemic, economic recovery will take time.

Commentary

Bundled LDI Portfolios: An Antidote to Historically Low Treasury Yields?

Bundling may help plan sponsors unlock alpha potential and supplement low returns from long Treasury bonds.

Commentary

The Tax Man and Urban Flight: Fact and Fiction of Outmigration Trends

Conventional wisdom says urban residents will flee cities in droves in response to higher taxes and the COVID-19 pandemic. But will that really come to pass?

Commentary

Examining the Global Outlook and Long-Term Disruptors

PIMCO’s Global Advisory Board discusses the longer-term outlook for major economies and geopolitical developments.

Commentary

Will the Bank of Canada Follow the Fed Into a New Inflation Targeting Regime?

Canada’s central bank looks to evolve its policy framework amid concern over disinflationary trends.

Commentary

Escalating Disruption

The pandemic has amplified four long-term macroeconomic disruptors, and fiscal policy – a key swing factor – may hold the key to upside or downside surprises. Read our long-term outlook and learn implications to consider when investing.

Commentary

Assessing China’s “Structural” Monetary Policy

Policy will continue to be carefully calibrated as China walks a tightrope between supporting growth and maintaining financial stability.

Commentary

Emerging Market Bonds: Part of a Resilient Portfolio?

A basket of emerging market bonds may offer the same appeal investors have long sought from U.S. Treasuries.

Commentary

The New Sustainable Finance Principles

Launched in September 2020, the CFO Principles for Integrated SDG Investments and Finance are designed to help create a market for corporate SDG (Sustainable Development Goal) investments.