4min chapter

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PIMCO’s Cash King On Liquidity, Repo, Debt Ceiling, And Yield Curve Inversion | Jerome Schneider

Forward Guidance

CHAPTER

The Future of Fixed Income

Jerome Pemko: I think we're excited about the overall recalibration of yields. We are more constructive on places like securitized product, including agency mortgages. That just sort of means that we would like to be up on quality a little bit more defensive. But if you can walk away with a higher volatility environment and all this uncertainty around you and still earn 4% type of returns, plus some perhaps appreciation and capital as well.

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