PIMCO ready to pounce on US long bond

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Via the AFR:

As the US 10-year bond rate heads towards 3 per cent, longer-term bonds are looking attractive again, PIMCO’s Newport-based chief investment officer of global credit, Mark Kiesel, said

“At that rate it will start to generate interest from insurance companies and pension and funds and importantly, while we do see inflation rising we don’t see it going materially above 2 per cent,” he told The Australian Financial Review in an interview last week.

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About the author
David Llewellyn-Smith is Chief Strategist at the MB Fund and MB Super. David is the founding publisher and editor of MacroBusiness and was the founding publisher and global economy editor of The Diplomat, the Asia Pacific’s leading geo-politics and economics portal. He is also a former gold trader and economic commentator at The Sydney Morning Herald, The Age, the ABC and Business Spectator. He is the co-author of The Great Crash of 2008 with Ross Garnaut and was the editor of the second Garnaut Climate Change Review.