Major financial institutions and bond investors are increasingly concerned that the bond market is underestimating an economic slowdown, as inflation worries resurface, leading to a continued rise in U.S. and European government-bond yields.
The private credit market is entering a riskier phase, with calls for stronger guardrails before these funds expand further into the $9 trillion US retirement market, echoing previous warnings about obscure products causing widespread damage.
Pimco is adopting a contrarian investment view as the market largely anticipates further global rate hikes, suggesting a different outlook on monetary policy.
PIMCO's investment in Brazil's telecommunications company Oi is entering a new political phase, shifting from a market savior role to a power struggle.
JPMorgan Limits Lending To Private Credit Groups After Marking Down Loan Collateral
The barrage of negative private credit news, now that the $1.8 trillion bubble has burst, is coming hot and heavy.
Following last night's report that Cliffwater, a private credit interval fund which according to Rubric Capital "is the canary in the coal mine and will be the first domino in the bank run” was the latest fund to be hit with 7% in investor redemptions (and unlike BlackRock, interval...
Mohamed El-Erian, former Pimco CEO, forecasts that rising oil prices will push the U.S. inflation rate to 3% this year, potentially limiting the Federal Reserve's ability to support the labor market.
Multiple PIMCO funds, including PIMCO High Income Fund, PIMCO Global StocksPLUS® & Income Fund, PIMCO Corporate & Income Opportunity Fund, and PIMCO Corporate & Income Strategy Fund, have declared their respective dividends.