Latest News

PIMCO
European Outlook Less Downside Now But Caution Still Warranted
| PIMCO
PIMCO
Cyclical Outlook Key Takeaways: Strained Markets, Strong Bonds
| PIMCO
PIMCO
ECB Hikes, and Indicates Higher Rates Coming
| PIMCO
PIMCO
U.S. Inflation Eased More Than Expected in November as Fed Eyes Pause in Rate‑Hike Cycle Next Year
| PIMCO
PIMCO
Higher Bond Yields Can Be Fundamental to a Recession Investing Playbook
| PIMCO
PIMCO
What to Expect From Divided Government
| PIMCO
PIMCO
What’s Behind the Slowdown in U.S. Inflation
| PIMCO
PIMCO
Peak Inflation May Hint at Peak Rates in Emerging Markets
| PIMCO
PIMCO
Fed Sets Up a Pause, Not a Pivot
| PIMCO
PIMCO
Continuity and Concrete Direction: Takeaways From China’s 20th Party Congress
| PIMCO
PIMCO
ECB Promises More Rate Hikes, But the Language Softens
| PIMCO
PIMCO
Surging September CPI Bolsters Case for Further Outsize Fed Hikes
| PIMCO
PIMCO
OPEC+ Production Cuts Show Energy Security Has a Price
| PIMCO
PIMCO
Cyclical Outlook Key Takeaways: Prevailing Under Pressure
| PIMCO
PIMCO
U.K. Market: Growth, But at What Price?
| PIMCO
PIMCO
With Aggressive Rate Forecasts, Fed Seeks to Reinforce Commitment to Taming Inflation
| PIMCO
PIMCO
California Climate Bills Should Support Carbon Prices
| PIMCO
PIMCO
Proceed With Caution: Opportunities for Cash and Defensive Income Amid Uncertainty
| PIMCO
PIMCO
Hot August Inflation May Shift Fed’s Interest Rate Trajectory Higher
| PIMCO
PIMCO
ECB Hikes Rates, With More to Come
| PIMCO
PIMCO
Spotting Opportunities and Risks Across the EM Investment Universe
| PIMCO
PIMCO
Fed Affirms Hard‑Line Approach to Taming Inflation
| PIMCO
PIMCO
July U.S. CPI Offers Some Relief, But Fed Also Watches Other Inflation Indicators
| PIMCO
PIMCO
China’s Mortgage Boycott: Could Property Sector Cracks Lead to Systemic Risk?
| PIMCO
PIMCO
Fed Aims for ‘Modestly Restrictive’ Policy to Counter Inflation
| PIMCO
PIMCO
Agency MBS: Opportunities for Alpha in a Post‑QE World
| PIMCO
PIMCO
What China’s Recovering Supply Chain Means for Global Inflation
| PIMCO
PIMCO
The Human Factor: How Behavioral Science Can Improve Investment Decisions
| PIMCO
PIMCO
Core Inflation Data Could Prompt Dramatic Action at the Fed
| PIMCO
PIMCO
Key Takeaways From PIMCO’s ESG Investing Report: Bonds for Change
| PIMCO
PIMCO
Shelter From the Storm
| PIMCO
PIMCO
Assessing Inflation’s Effects Across Emerging Markets
| PIMCO
PIMCO
Power of Representation: the ‘Us’es’
| PIMCO
PIMCO
Secular Outlook Key Takeaways: Reaching for Resilience
| PIMCO
PIMCO
After Historic Market Moves, Outlook for Bonds Improves
| PIMCO
PIMCO
Chinese Financials Feeling the Squeeze Amid Sluggish Credit Demand
| PIMCO
PIMCO
Fed Battles Inflation Despite the Costs
| PIMCO
PIMCO
European Inflation Update: Higher for Longer but Hedging Remains Well Priced
| PIMCO
PIMCO
Semiconductors: A Less Cyclical Future
| PIMCO
PIMCO
Hammering Inflation With a Gavel
| PIMCO
PIMCO
Credit Where Credit Is Due: Four Common Misconceptions in Public and Private Credit Markets
| PIMCO
PIMCO
Outflows Can Create Potential Opportunities in Municipal Marketplace
| PIMCO
PIMCO
Fed Outlook: Expeditious but Nimble
| PIMCO
PIMCO
China’s Property Sector Slump: Is Recovery on the Horizon?
| PIMCO
PIMCO
Bank of Canada: Hike More Now, Less Later
| PIMCO
PIMCO
Russia‑Ukraine Ramifications: Not All Trade Is Created Equal
| PIMCO
PIMCO
China Growth Outlook: Counting the Cost of Lockdowns
| PIMCO
PIMCO
U.S. Energy Sector Poised to Regain Dominance
| PIMCO
PIMCO
Yield Curve Inversions Signaling Caution Rather Than Recession
| PIMCO
PIMCO
Supply Chain Crisis: Disruption Should Lead to Greater Diversification
| PIMCO

European Outlook Less Downside Now But Caution Still Warranted

1674561000 from PIMCO

Focusing on high quality and liquidity when taking risk in portfolios will be key in 2023, as pressure on monetary policy remains intense.

Cyclical Outlook Key Takeaways: Strained Markets, Strong Bonds

1673413200 from PIMCO

High quality fixed income investments can help center portfolios while offering attractive yield potential amid a likely recession in 2023.

ECB Hikes, and Indicates Higher Rates Coming

1671166740 from PIMCO

The European Central Bank is likely to continue hiking rates next year, but the end point remains uncertain.

U.S. Inflation Eased More Than Expected in November as Fed Eyes Pause in Rate‑Hike Cycle Next Year

1670994000 from PIMCO

Falling prices for cars and holiday discounting contributed to softer U.S. inflation, creating more room for the Fed to potentially dial back its hawkish stance.

Higher Bond Yields Can Be Fundamental to a Recession Investing Playbook

1669870800 from PIMCO

How we’re thinking about investing against a backdrop of inflation uncertainty, geopolitical tension, and likely recession.

What to Expect From Divided Government

1668661200 from PIMCO

A split U.S. Congress in 2023 will likely limit fiscal policy, but could be positive for equity markets.

What’s Behind the Slowdown in U.S. Inflation

1668108720 from PIMCO

Core inflation came in below expectations for October and should moderate in 2023, but likely with bumps in the road ahead.

Peak Inflation May Hint at Peak Rates in Emerging Markets

1667883600 from PIMCO

Inflation is receding and real interest rates are climbing in EM after a year of tightening monetary policy.

Fed Sets Up a Pause, Not a Pivot

1667448000 from PIMCO

The Federal Reserve’s November statement included dovish language, but Fed Chair Powell warned investors not to expect the Fed to stray from its full focus on fighting inflation.

Continuity and Concrete Direction: Takeaways From China’s 20th Party Congress

1667448000 from PIMCO

Stability, security and self-reliance were overarching themes from China’s twice-a-decade leadership reshuffle. With few details disclosed on near-term supporting policies, we remain cautious on the Chinese market.

ECB Promises More Rate Hikes, But the Language Softens

1666929600 from PIMCO

The central bank noted that substantial progress has been made in withdrawing monetary policy accommodation, and expressed concerns around growth and policy transmission lags.

Surging September CPI Bolsters Case for Further Outsize Fed Hikes

1665633600 from PIMCO

Core inflation in the U.S. outpaced expectations for September and may fortify the Federal Reserve’s hawkish resolve.

OPEC+ Production Cuts Show Energy Security Has a Price

1665547200 from PIMCO

The OPEC+ plan to curb oil production complicates the global economic, inflation, and geopolitical outlook and will likely lead to higher prices for key commodities.

Cyclical Outlook Key Takeaways: Prevailing Under Pressure

1664856000 from PIMCO

The economic outlook remains challenging, but we believe higher yields contribute to a compelling case for bonds.

U.K. Market: Growth, But at What Price?

1664549640 from PIMCO

U.K. financial market volatility is likely to remain high, and the longer-term outlook likely depends on future monetary and fiscal policy.

With Aggressive Rate Forecasts, Fed Seeks to Reinforce Commitment to Taming Inflation

1663819200 from PIMCO

The Federal Reserve released new economic projections suggesting interest rate hikes will be faster and larger than previously forecast.

California Climate Bills Should Support Carbon Prices

1663780440 from PIMCO

The state takes a long view on environmental policy, potentially benefiting California’s cap-and-trade program.

Proceed With Caution: Opportunities for Cash and Defensive Income Amid Uncertainty

1663265880 from PIMCO

We believe short-dated bonds can offer attractive yields, flexibility, and a means to proceed cautiously as central banks continue to raise interest rates.

Hot August Inflation May Shift Fed’s Interest Rate Trajectory Higher

1663102740 from PIMCO

The Federal Reserve may be pressured to target a higher terminal fed funds rate as it seeks to tame U.S. inflation expectations following strong price rises in August.

ECB Hikes Rates, With More to Come

1662609600 from PIMCO

We expect the European Central Bank to continue aggressively hiking rates this year, though moderating from the 75-basis-point level.

Spotting Opportunities and Risks Across the EM Investment Universe

1661918400 from PIMCO

Emerging market valuations appear attractive, but country-specific risks can be critical to monitor amid global inflation and rising interest rates.

Fed Affirms Hard‑Line Approach to Taming Inflation

1661745600 from PIMCO

In Jackson Hole, Federal Reserve officials unequivocally emphasized their commitment to bringing inflation under control – even as the U.S. economy slows.

July U.S. CPI Offers Some Relief, But Fed Also Watches Other Inflation Indicators

1660104000 from PIMCO

Despite price declines in many sectors, the Federal Reserve may continue its hawkish approach.

China’s Mortgage Boycott: Could Property Sector Cracks Lead to Systemic Risk?

1659931200 from PIMCO

Our stress tests show the Chinese banking sector as a whole can absorb shocks from a severe downside scenario, but mid-sized banks and contagion pose potential risks.

Fed Aims for ‘Modestly Restrictive’ Policy to Counter Inflation

1658980800 from PIMCO

The Federal Reserve affirmed its commitment to price stability, hiking its policy rate 75 basis points again and signaling more tightening to come.

Agency MBS: Opportunities for Alpha in a Post‑QE World

1658980800 from PIMCO

Agency mortgage-backed securities (MBS) have faced unique challenges in 2022, but these challenges also create attractive new opportunities for active management.

What China’s Recovering Supply Chain Means for Global Inflation

1658808000 from PIMCO

Renewed growth in China’s manufacturing activity, coupled with softening developed market demand, should ease some supply-side pressures – but several other inflation risks remain prevalent.

The Human Factor: How Behavioral Science Can Improve Investment Decisions

1658325480 from PIMCO

More optimized and rational decision-making processes can give investment committees an edge.

Core Inflation Data Could Prompt Dramatic Action at the Fed

1657684800 from PIMCO

June’s U.S. inflation data will likely force central bankers into more restrictive territory – raising the odds of recession.

Key Takeaways From PIMCO’s ESG Investing Report: Bonds for Change

1657598400 from PIMCO

Active fixed income investors play a critical role in the transition to more sustainable companies and economies.

Shelter From the Storm

1657252800 from PIMCO

Amid stormy markets, senior securitized credits hold potential for resilient returns.

Assessing Inflation’s Effects Across Emerging Markets

1655956800 from PIMCO

The varied responses of individual countries to global inflationary pressures have contributed to elevated real-rate differentials between developed and emerging markets.

Power of Representation: the ‘Us’es’

1655956800 from PIMCO

To celebrate Pride Month, four PIMCO executives share their perspectives on inclusion and diversity in the workplace and the importance of visible representation.

Secular Outlook Key Takeaways: Reaching for Resilience

1655870400 from PIMCO

We believe shorter business cycles, elevated volatility, and diminished policy responses warrant a focus on portfolio resilience over reaching for yield.

After Historic Market Moves, Outlook for Bonds Improves

1655784000 from PIMCO

This year’s surge in yields is restoring value to the bond market, especially with the likelihood of a recession rising, although it remains uncertain when market momentum might turn.

Chinese Financials Feeling the Squeeze Amid Sluggish Credit Demand

1655438400 from PIMCO

Following strong double-digit profit growth in FY2021, we expect Chinese banks will be less profitable this year as COVID-19 lockdowns continue to disrupt China’s economy.

Fed Battles Inflation Despite the Costs

1655265600 from PIMCO

The Federal Reserve ratchets up the pace of monetary tightening, raising questions about the U.S. growth outlook.

European Inflation Update: Higher for Longer but Hedging Remains Well Priced

1655179200 from PIMCO

Despite soaring inflation in Europe, hedges appear cheap

Semiconductors: A Less Cyclical Future

1654833600 from PIMCO

The proliferation of semiconductors throughout our economy may drive more durable, less cyclical demand and earnings.

Hammering Inflation With a Gavel

1654228800 from PIMCO

The Biden administration faces rampant inflation in the U.S. but has limited tools to stem the rise in gas and grocery prices.

Credit Where Credit Is Due: Four Common Misconceptions in Public and Private Credit Markets

1652241600 from PIMCO

Heightened market volatility has led to misconceptions about credit, in our view. We dispel four of them here.

Outflows Can Create Potential Opportunities in Municipal Marketplace

1651723200 from PIMCO

Higher yields, wider credit spreads, and other common market reference metrics suggest relative valuations for muni bonds have become attractive.

Fed Outlook: Expeditious but Nimble

1651723200 from PIMCO

Federal Reserve hikes policy rate 50 basis points, while remaining flexible in fighting inflation.

China’s Property Sector Slump: Is Recovery on the Horizon?

1651723200 from PIMCO

In the absence of immediate and substantive policy easing at the national level, we believe that the sector could pose a serious risk to the government’s GDP growth target in 2022.

Bank of Canada: Hike More Now, Less Later

1651118400 from PIMCO

The Bank of Canada embarked on a swift tightening path, but secular forces still weigh on the longer-run interest rate outlook.

Russia‑Ukraine Ramifications: Not All Trade Is Created Equal

1649946240 from PIMCO

The countries’ weight in global trade is relatively small, but outsize exports of raw and semi-finished goods may portend price hikes across a variety of industries.

China Growth Outlook: Counting the Cost of Lockdowns

1649822400 from PIMCO

While Beijing has set an ambitious growth target this year with a generous fiscal stimulus plan, new COVID-19 waves are adding to mounting headwinds amid a slowing global economy.

U.S. Energy Sector Poised to Regain Dominance

1649822400 from PIMCO

As the West cuts Russian energy supplies, U.S. shale oil and natural gas producers may regain global dominance.

Yield Curve Inversions Signaling Caution Rather Than Recession

1648785600 from PIMCO

Parsing the yield curve can lead to a variety of conclusions about whether a downturn is coming, while underscoring the importance of flexibility.

Supply Chain Crisis: Disruption Should Lead to Greater Diversification

1648612800 from PIMCO

Supply chains set to become less dependent on China over time.