Bond returns are back and Pimco is ‘excited’
The $2.9 trillion fund manager is buying up Australian government bonds, among other things, betting that the RBA will need to cut rates less than the Fed. They are also wagering on the US housing market and consumer.
Dan Ivascyn, the investment chief of one of the world’s biggest bond managers, is excited.
After 2023 turned out to be a bit of a damp squib for fixed-income investors as central banks kept raising rates to tame sticky inflation, this year Ivascyn, who helps oversee $US1.9 trillion ($2.9 trillion) in assets for Pimco, is more confident.
Subscribe to gift this article
Gift 5 articles to anyone you choose each month when you subscribe.
Subscribe nowAlready a subscriber?
Introducing your Newsfeed
Follow the topics, people and companies that matter to you.
Find out moreRead More
Latest In Debt markets
Fetching latest articles