Independent thinking for complex markets and current events
NEW YORK, April 17 (Reuters) – U.S. bond giant PIMCO said protectionism in U.S. trade policy strengthened the case for dialing down exposure to the U.S. dollar and long-dated Treasury bonds, while greater reliance on foreign bond markets had become more attractive. U.S. President Donald Trump’s tariffs have rocked financial markets and triggered a violent selloff last …
Japan faces a significant economic shift as bankers grapple with the challenge of learning to raise rates, prompted by a back-to-back wage bonanza. The move is seen as opening the door for a potential exit from the ultra-loose monetary policy by the Bank of Japan (BOJ), with Pimco already positioning by buying yen in preparation …
(Bloomberg) — A joint venture tied to a Pacific Investment Management Co. fund surrendered a portfolio of 20 hotels with a $240 million mortgage. The properties, located in cities including San Antonio and Carmel, Indiana, were forfeited in a deal that closed in September, according to commentary filed this week by the loan’s servicer. The …