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Private credit to see best opportunities since '08...
Private credit to see best opportunities since '08 crisis in coming years -PIMCO. Private investors could demand wider spreads and stricter covenants. PIMCO began this year to expand its reach into areas previously dominated by regional banks.
The stock market is edging toward extremes of Great Depression and dot-com eras The market's upbeat expectations on future corporate earnings may "face disappointment," says PIMCO. A key measure of the richness of stocks relative to debt is the so-called equity risk premium — or the extra return on shares over Treasury bonds.
UPDATE 1-PIMCO bullish on bonds next year as inflation slows down U.S. bond giant PIMCO says it favors bonds over other asset classes next year. It expects economic growth to have peaked and that inflation will slow down. A decline in inflation could prompt the Federal Reserve to cut rates sooner than expected.
Key points to focus on in high-yield investing: Strategist David Forgash, PIMCO Head of Leveraged Credit, joins Yahoo Finance to discuss what investors should pay attention to during these times of uncertainty.Forgash points out favorable terms for investing in high-yield environments.
PIMCO Bullish on US Bonds as Inflation Cools PIMCO expects U.S. inflation to be in the 2.5%-3% area by the end of next year. It expects to continue to favor long-term bonds over the next year as they provide high yields. But it said it was cautious on corporate credit due to recession risks.
Bill Gross says he would avoid bonds and 'clearly overvalued' stocks even after massive sell-off Bill Gross said stocks are "clearly overvalued," despite the recent market swoon. The former PIMCO CIO doubts Fed will be able to lower short-term rates any time soon. Gross said the "best bet" is arbitrage in M&A activity.
The bond market is being held captive by Treasury supply and bond vigilantes, and the key 10-year yield will probably go to 5%, bond king Bill Gross says The bond market is being held captive by 3 factors, according to Bill Gross. The PIMCO co-founder pointed to a handful of factors sparking a selloff in Treasurys. The yield on the 10-year Treasury climbed further early Wednesday morning, touching 4.88%.
10 Best Long-Term ETFs PIMCO 15+ Year U.S. TIPS Index Exchange-Traded Fund (NYSE:LTPZ) is an inflation protected bond fund that is part of the PIMCO fund family. Vanguard Long-Term Corporate Bond Index Fund (NASDAQ:VCLT), and Invesco National AMT-Free Municipal Bond ETF (nee PZA) are top performing long term ETFs.
Recession risk "coin flip" over the next year - PIMCO The risk of a global recession over the next 12 to 18 months is close to a "coin flip" Financial markets are underestimating the chances of one in the United States. PIMCO expects a rate hike at Thursday's European central bank meeting and next week from the Bank of England.
'Bond King' Bill Gross says he's 'out' of regional bank stocks – and is bearish on 10-year US Treasurys "Bond King" Bill Gross said he's sold his holdings in regional bank stocks. The PIMCO co-founder scooped up battered shares in small US lenders back in April. The shares have jumped from the lows hit earlier this year, with PacWest and Western Alliance surging 300% and 357% from a bottom.
The drop in inflation in June paves the way for the US economy to avoid a recession, former PIMCO chief economist says The drop in inflation is strengthening the case the US will avoid a recession, economist Paul McCulley said. The former chief economist of PIMCO pointed to June CPI, which showed inflation eased to 3%.Cooling prices in the economy is exactly what the Fed and markets want to see, he said.
PIMCO CIO says preparing for 'harder landing' for global economy - FT Pacific Investment Management Co (PIMCO) is preparing for a "harder landing" while top central bank chiefs prepare to continue their campaign of interest rate rises. Daniel Ivascyn, chief investment officer at the U.S. bond giant, told the Financial Times.
Fed needs market to continue pricing in future rate hikes: Economist Will the May CPI print change the Fed's rate hike plans? PIMCO Managing Director and Economist Tiffany Wilding joins Yahoo Finance Live.
PIMCO's bond CIO says underweight dollar, sees value in UK gilts PIMCO is underweight the U.S. dollar and overweight UK government bonds in some funds. The dollar index is virtually unchanged so far this year. PIMCO does not hold a strong firm-wide view on the UK so is broadly neutral on UK bonds.
US bond giant PIMCO sees chance to expand lending after... U.S. bond giant PIMCO says this year's banking turmoil has created opportunities for it to expand in areas previously the domain of regional banks. Credit conditions have tightened - meaning lenders have become more cautious about giving out loans. This is leaving space to non-bank lenders such as asset managers and private equity funds to lend more.
US bond giant PIMCO sees chance to expand lending after banking turmoil PIMCO said this year's banking turmoil has created opportunities for the U.S. bond giant to expand in areas previously the domain of regional banks. PIMCO, which manages $1.8 trillion in assets, said it expects "increasingly attractive" opportunities in private markets.
The Fed will cut rates in the fall as banking turmoil puts credit conditions in a 'tight vise', economist says Former PIMCO chief economist Paul McCulley predicts the Fed will cut interest rates in the fall. That's because banking turmoil will put credit in a "tight vise," slowing the economy.Economists have been flagging the growing odds of recession over the past year.
Wall Street is wrong: Former PIMCO chief economist Paul McCulley predicts rate hikes will end next month Wall Street is wrong about the Federal Reserve's interest rate path, says former PIMCO chief economist Paul McCulley. He believes mounting economic pressures will convince the Fed to stop hiking interest rates next month.
El-Erian Advises Fed to Take a Tip From 'Hamilton' The Fed should hold off on interest rate cuts, be honest with the market about where rates are going and stick to the script, Mohamed El-Erian says. The Fed has made three major mistakes, maintaines the former CEO of PIMCO and president of Harvard University’s endowment.
N. American fixed income group will not take legal... American fixed income group will not take legal action over Credit Suisse AT1 wipeout -source. Credit Roundtable consists of 43 members including PIMCO, Vanguard, MetLife, Canadian pension fund Omers.
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