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PIMCO says bullish longer term bonds (12 month horizon), cites peaking inflation
PIMCO said it was bullish on the performance of long-term bonds:continue to favour long-term bonds over the next year, as they provide high yields not seen for over a decade while offering a cushion against economic uncertainty and expectations inflation has peakedMore:U.S. economic growth is expected to slow the remainder of 2023 and next year, "hovering between stagnation and mild recession,"said much of this year's resilience was due to fiscal support, with deficits widening and U.S. househol...
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Posted: Oct 11 2023, 22:04
Author Name: forexlive
Views: 082683
