Pimco thinks outside the box to generate additional bond yield
Pimco is not too worried about the economic slowdown and rising inflation, as these are largely related to a temporary disruption. Opportunities in the credit and bond markets have become scarcer and finding them requires a lot of effort.
This is what emerges from an interview with Eve Tournier, Head of European Credit Portfolio Management at Pimco and manager of the GIS Euro Credit Fund, among others.
Coronavirus freezes credit markets
Credit markets have been hit hard across the board. ‘Exiting at normal prices is now virtually impossible because there is hardly any liquidity.’ Only ETFs can still be easily sold, resulting in dramatic price declines. Can the ECB’s latest support package restore calm?