Pimco says bond yields at multi-decade highs offer attractive income for investors, who should spread their allocations across developed and emerging markets to help protect against fiscal risks
PIMCO's Libby Cantrill says tariffs are here to stay. And their impact might be felt well-beyond this administration.
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PIMCO: HIGH BOND YIELDS CHALLENGE STOCKS
PIMCO says bonds are becoming more attractive after global yields climbed to their highest levels in more than a decade.
US aggregate bond yields are now around 5%, roughly matching equity earnings yields.
PIMCO argues bonds can once again provide meaningful income and protection if growth weakens, making a more balanced mix of stocks and fixed income increasingly attractive.