PIMCO

Mohamed El-Erian, a prominent economist and former CEO of PIMCO, has voiced significant concerns regarding the Federal Reserve, asserting that it is “getting harder to convince people that the Fed is apolitical.” What Happened: In a recent Substack post, El-Erian identifies three...

Amid the ongoing tariff battle and the Federal Reserve’s projections of higher inflation and lower growth, PIMCO has predicted a 30-35% chance of a recession, without the possibility of stagflation in the U.S. economy in 2025. What Happened: Economist Tiffany Wilding, managing director at...

Canada is expected to have a new prime minister with former central banker Mark Carney winning the country's Liberal Party election to replace outgoing Prime Minster Justin Trudeau, who announced his intention to step down in January. Carney has had a fast rise in Canadian politics but also enters...

Another country now faces a significant risk of economic stagnation warned veteran economist Mohamed A. El-Erian, in an X post, as the the major economic power’s short-term bond yields plummeted to a two-decade low on Friday. What Happened: The yield on one-year Chinese government debt...

Pacific Investment Management Co. (PIMCO) foresees a surge in regional bank failures across the U.S. due to their significant exposure to troubled commercial real estate loans. What Happened: According to John Murray, head of PIMCO’s global private commercial real estate team, the distress...

“Bond King” Bill Gross may have netted millions of dollars backing the November rally in the U.S. Treasury market. Gross earned his “bond king” moniker while at Pacific Investment Management (PIMCO), a company he co-founded and where he managed the $270 billion Total Return...

Despite an ongoing rally ignoring high-interest rates and looming recession signals, experts from PIMCO and GAM Asset Management caution that stock valuations are inching toward the peaks witnessed before notable market crashes. As per a report by Business Insider, equities are appearing...

An imminent full-scale shutdown of the U.S. government could likely deter the Federal Reserve from raising interest rates in November, according to a note from bond giant PIMCO on Tuesday, Reuters reported. The Head of public policy at PIMCO, Libby Cantrill, suggests the complex...

Jerome Schneider, head of short-term portfolio management and funding at Pacific Investment Management Co. reportedly said yields on certain U.S. Treasury bills could rise to 10% if the debt ceiling impasse continues until the securities are about to mature. "Fear is going to be exacerbated to the...

Pimco multi-asset strategies portfolio manager Erin Browne reportedly said robust earnings are helping boost equities but there's a lot of complacency in the market. "When you look at earnings, they’ve still been fairly robust. Certainly, we are off the highs that we saw...

Former Pimco chief economist Paul McCulley believes the Federal Reserve is likely to hold its rate hike cycle during its upcoming policy meet in May and said he disagrees with where the Fed funds futures are priced. What Happened: "I don’t think that the street at large, my old economic...

Pimco Multi-Asset Strategies Portfolio Manager Erin Browne reportedly said that rates and equities are singing from different hymn books currently. What Happened: Browne said that while the former is pricing-in accelerated rate cuts during second half of this year and into 2024, equities are...

The word on the street was the market had entered into a bear market rally, as Morgan Stanley (NYSE: MS) equity strategist Michael Wilson forecasted a price target for the S&P 500 of 4,000 and it potentially hitting 4,150. It was not a positive catalyst for long-term...

Former "Bond King" Bill Gross, who popularized the “Total Return” strategy in the 1980s, has criticized current proponents of that approach, saying almost all such funds have become quasi “index funds” in the last five years.   Gross, the co-founder...