We believe food banks are highly effective vehicles for fighting hunger. Supporting them will help create a better future for everyone.
Expectations for COP26, the importance of issuer engagement, and growth in sustainability-linked bonds were among the many topics covered.
Amid a global pandemic, challenge and uncertainty can serve to strengthen the bonds among communities, and inspire us to take action for a sustainable future.
Natural herd immunity in predominantly young emerging markets populations looks set to offset slower vaccine rollouts, setting the stage for a resurgence in economic growth.
Pro-competition policies aim to foster healthy development in the tech industry.
Market participants have been hesitant to accept SOFR as the successor to Libor, but uniting around a single reference rate is increasingly important to keep benchmark markets from becoming fragmented.
With inflation beginning its much-anticipated rise, forecasters and policy makers have been quick to repeat expectations for a leveling off later this year. It’s worth considering whether longer-term risks could be tilted higher and how portfolios can prepare for different outcomes.
We believe the U.S. is undergoing a large price-level adjustment, not shifting to a persistently higher inflation regime.
Group CIO Dan Ivascyn discusses PIMCO’s base case forecast that inflation will remain contained despite near-term risks to the upside, and also highlights the relatively low cost of hedging those risks.
While the market should remain relatively stable this year, we are monitoring three themes that could have a significant impact over the longer term.
As regulators push to transition away from Libor, sales of Treasuries linked to the successor rate could boost the new benchmark’s credibility and expand nascent markets for related debt and derivatives.
To sustainably reach its inflation target, the Fed must raise inflation expectations – and that likely will require a period of above-target inflation.
Cash and cash equivalent investors face challenges balancing liquidity and returns amid near-zero short-term rates.
Amid a brightening economic outlook, the Bank of Canada could begin tapering its bond purchase program this month, though we think it’s a close call and believe a cautious approach is warranted.
We expect global tech spending to grow, driving demand for semiconductor components and leading to above-trend growth for the sector.
The global economy is poised for a strong recovery. Inflation is likely to spike temporarily, but we forecast that much of this rise will reverse later this year.
Democrats could begin working on a tax bill later this year, but resulting tax hikes may be weaker and less of a headwind to growth than some fear.
Thereʼs a bone of contention among investors: Are U.S. equity values about right or far too high?
The expiration of the temporary SLR changes should enhance the soundness of the banking system, but likely at the cost of Treasury market liquidity.
The Federal Reserve’s communications following its March meeting should help anchor inflation expectations.
Longer-dated Treasury yields have climbed as markets consider whether economic growth and inflation expectations might accelerate more rapidly. We believe inflation pressures will remain in check and bond yields will be range-bound.
The COVID-19 relief bill has spurred talk of inflation, but financial stability may be a more relevant risk.
A recent report showed an uptick in inflation in Europe, but markets are pricing in low inflation over the long term. We see opportunity for investors to hedge inflation risk.
China’s economy should see a soft landing as stimulus is reduced, but the drag on global growth may place a burden on developed economies to keep stimulus taps open for longer.
One year since the inception of one of the most severe recessions in modern history, women’s engagement in the labor force is crucial to the economic recovery.