PIMCO Accrued Interest
Old-Fashioned Bond Math for a New-Fashioned Fed
Under a Warsh-led Fed, with less explicit guidance and less implicit backstop, Marc Seidner and Pramol Dhawan tell host Greg Hall that bond math starts to matter again. Listen as they explore: · The “Warsh Dividend” and what it could mean for investors? · Why diversification still matters in a market increasingly dominated by a handful of mega-cap stocks. · Exorcising the ghost of 2022 – How duration and higher yields are working in bond investors' favor again. Show notes [1:26] The Thesis of "Old-Fashioned Bond Math for New-Fashioned Fed" [8:16] Investing over the past decade vs investing now [16:20] What to expect from a Warsh-led Fed [21:40] If nothing changed at the Fed [25:56] Synergies with fixed income If you enjoyed episode, read the piece behind today's conversation: · Old-Fashioned Bond Math for a New-Fashioned Fed And check out other related sources about the opportunity in fixed income: · Read: Global Bond Diversification: Higher Yields and New Opportunities for Alpha · Listen: Lotfi Karoui on Private Credit and the AI CapEx Supercycle (Apple or Spotify) The discussion and content provided within this podcast is intended for informational purposes only and may not be appropriate for all investors. Reliance upon information provided in a podcast is at the sole responsibility of the listener. The information included herein is not based on any particularized financial situation, or need, and is not intended to be, and should not be construed as, a forecast, research, investment advice or a recommendation for any specific PIMCO or other security, strategy, product or service. Past performance is not a guarantee of future results. All investments contain risk and may lose value. Investors should speak to their financial advisors regarding the investment mix that may be right for them based on their financial situation and investment objective. Podcasts may involve discussions with non-PIMCO personnel and such content contain the current opinions of the speaker but not necessarily those of PIMCO. Other podcasts may consist of audio recording of an existing PIMCO article and such material contains the current opinions of the manager. The opinions expressed in all podcasts are subject to change without notice. Information contained herein has been obtained from sources believed to be reliable, but not guaranteed. PIMCO as a general matter provides services to qualified institutions, financial intermediaries and institutional investors. This is not an offer to any person in any jurisdiction where unlawful or unauthorized. For additional important information go to https://www.pimco.com/gbl/en/general/legal-pages/podcast-disclosures
