Commentary

Income Strategy Update: Investing Amid Inflation Concerns and Lower Yields

With global growth rebounding amid uncertainties over inflation and COVID-19 variants, investors may want to consider a somewhat more cautious and flexible approach when seeking a consistent yield.

Commentary

Substantial Further Progress? Not Yet, Says the Fed

The Fed stopped short of providing “advance notice,” but a December tapering announcement remains likely.

Commentary

Three Disruptive Trends Set to Transform the Auto Industry

Over the next 10 years, the global automotive industry is expected to face one of the most significant changes in its history – the replacement of internal combustion engine (ICE) vehicles with electric vehicles (EVs).

Commentary

Mid‑Cycle Investing: Time to Get Selective

The global economy is in a mid-cycle expansion, following peaks in policy support and growth, and what is likely a transitory spike in inflation. We expect global growth to moderate to a still above-trend pace in 2022.

Commentary

Supply Bottlenecks Likely to Ease by the End of the Year

Global demand for consumer goods has rebounded since the second half of 2020, driven initially by large government stimulus packages and, more recently, by resilient capital expenditures and swift vaccination rollouts in most developed markets.

Commentary

We Have a Deal: U.S. Infrastructure Spending Soon, Tax Increases Likely Later

A bipartisan deal on infrastructure spending would likely be followed by a separate partisan deal funded by tax increases.

Commentary

U.S. Regulators to Leveraged Loan Issuers: Just Do It (Transition to SOFR)

Leveraged loan issuers have lagged other fixed income market issuers in moving to SOFR as a reference rate, posing potential risks to investors as the year-end deadline approaches.

Commentary

Inflation Inflection

Over the past few months, economic recoveries have been uneven across regions and sectors.

Commentary

PIMCO Trends: Managed Futures: Seeking Diversification and Returns

Managed futures strategies have historically delivered attractive returns over the long run with low equity correlations.

Commentary

Monthly Municipal Market Update, May 2021

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

Commentary

Top Five Insights from PIMCO’s 2021 ESG Investment Summit: Financing a More Sustainable Future

PIMCO’s annual ESG Summit – hosted virtually this year – aimed to help participants keep pace with the rapidly evolving landscape of environmental, social and governance issues within the world of investing, with a particular focus on the transition to net-zero emissions.

Commentary

Top Five Insights from PIMCO’s 2021 ESG Investment Summit: Financing a More Sustainable Future

Expectations for COP26, the importance of issuer engagement, and growth in sustainability-linked bonds were among the many topics covered.

Commentary

Emerging Markets Through the Looking Glass: Signs of Growth Potential Post‑Pandemic

Natural herd immunity in predominantly young emerging markets populations looks set to offset slower vaccine rollouts, setting the stage for a resurgence in economic growth.

Commentary

China’s Anti‑trust Campaign: Impact on Growth Should Be Limited

In late 2020, China launched an anti-trust campaign focused mainly on big technology firms, aiming to crack down on what the government views as monopolistic practices.

Commentary

A Swift Price‑Level Adjustment, Not an Inflation Spike: April U.S. CPI

We believe the U.S. is undergoing a large price-level adjustment, not shifting to a persistently higher inflation regime.