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PIMCO is one of the world’s premier fixed investment managers. Since our founding in 1971 in Newport Beach, California, we have grown into a global organization with more than 2,150+ professionals united in a single purpose: creating opportunities for our clients in every environment. Our focus on excellence and our short- and long-term track record has encouraged institutions, financial advisors and millions of individual investors to entrust us with their assets. Visit PIMCO’s blog. Subscribe To Get PIMCO Insights Delivered Directly to Your Inbox.

PIMCO

October 7, 2020

Assessing China’s “Structural” Monetary Policy

The overarching economic goal of China’s leadership is to transform its old growth model to a more sustainable path, addressing the long-term challenges of an aging population, declining productivity and less and less room for policy stimulus.

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PIMCO

July 21, 2020

June CPI Report Underscores Economic Fragilities

Consumer prices were firmer than widely expected in June, but underlying softness in the report was a stark reminder that the U.S. economy remains fragile and that more stimulus will likely be necessary to support the recovery.

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PIMCO

June 24, 2020

Cyclicals 2.0: Green and Digital

While unique and specific to each country or region, the policy moves seen around much of the world have an unusual amount of commonality with substantial support recurring around two broad themes: green and digital

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PIMCO

June 17, 2020

The Long Climb

Rather than looking back at the vertiginous drop in economic activity that ended the record 128-month economic expansion in February, we discussed the likely nature and shape of the nascent recovery.

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PIMCO

June 10, 2020

In Search of Credit Quality – Q&A

In this Q&A, portfolio managers Eve Tournier and Sonali Pier share their interpretation of recent market moves, and their views on what parts of the market investors should pay attention to – and which to avoid.

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PIMCO

May 27, 2020

Six Key Questions on U.S. Policy and the Economic Outlook

Looking ahead to the U.S. economy gradually reopening as policymakers inject record stimulus – all of this in an election year – Libby Cantrill, PIMCO’s head of public policy, and Tiffany Wilding, North America economist, assess the key questions and risks.

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PIMCO

May 13, 2020

Europe: Moment of Truth

One major airline announced that it may need to lay off around one-third of its staff, and reports suggest three-quarters of U.K. restaurant and bar operators risk going bankrupt. In Italy and Spain, tourism represents around 12% and 14% of respective GDP, according to the World Travel and Tourism Council, and it’s hard to see these activities coming back anytime soon.

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PIMCO

April 29, 2020

Proposal for State Bankruptcies Unlikely to Succeed

In a radio interview on 22 April, Senate Majority Leader Mitch McConnell said he would be in favor of states being allowed to declare bankruptcy as opposed to the federal government providing additional assistance. His comment came as legislators spar over future federal support for state and local governments.

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PIMCO

April 15, 2020

Anti-Crisis Euro Package: Not Good Enough

At face value, the €540 billion (bn) package announced by euro area finance ministers last week sounds impressive. But details suggest it is insufficient and leaves the burden of crisis management in the hands of national governments and the European Central Bank (ECB).

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PIMCO

April 8, 2020

Finding the Right Level of Support for Capital Markets and Mortgage Rates

The U.S. Federal Reserve has taken extraordinary steps to facilitate liquidity in capital markets. While these actions have begun to stabilize and normalize valuations, in the lowest risk “core” of the fixed income markets – trading of Treasuries and agency mortgage-backed securities (MBS) – issues still remain with risk transfer and liquidity.

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PIMCO

April 1, 2020

Economic Fallout: Here Comes Congress!

The massive U.S. stimulus bill that President Trump signed last week is designed to help individuals and businesses facing disruption caused by the coronavirus. However, Congress may have to do more in the months ahead.

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PIMCO

March 18, 2020

Policymakers: Pulling Out All The Stops

In the face of the most serious global health crisis in more than a century, fiscal and monetary policymakers around the world will very likely have to pull out all the stops in an effort to prevent what currently looks like an inevitable recession from turning into a depression, and to stop financial markets from shifting from a drawdown into a meltdown.

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PIMCO

March 12, 2020

Economic Outlook Update: ILU Trajectories

The spread of COVID 19, volatile financial markets, new historical lows for U.S. bond yields, and a rare intermeeting rate cut by the Federal Reserve made for a highly unusual backdrop for PIMCO’s quarterly Cyclical Forum in early March.

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