TIPZ News and Press, PIMCO Broad U.S. TIPS Index Exchange-Traded Fund From 08/04/21

GMI’s 10-year Sharpe ratio (SR) edged up for a fifth straight month to 0.86, the highest since January 2020, based on a rolling ten-year window via monthly data. Profiling GMI through a drawdown lens also reflects an extended stretch of low risk. GMI is useful as a baseline...

The projected risk premium for the Global Market held steady in July at an annualized 6.0%, unchanged from the previous month. Despite the recent bounce, GMI’s trailing 10-year performance remains well below the previous 8%-plus peak. No one really knows what risk premia wi...

Most of the major asset classes continued to rise in July, led by US real estate investment trusts (REITs). US equities continued trending higher. The bull run also persisted for the Global Market Index (GMI) in July. For further details see: Major Asset Classes: July 20...

Growth-oriented asset classes are likely to shine, but not equally. Above-trend growth is a supportive environment of risky assets like equities or credit. On valuation grounds, equities are looking a little cheaper. Geraldine Sundstrom and Erin Browne discuss PIMCO’s views...

We view China's monetary policy loosening as unlikely to derail a focus on quality growth in the medium term, supporting our views on Chinese assets. U.S. consumer price index (CPI) rose more than expected in June amid the restart dynamics. China’s economy grew slightly slower ...

While the economic growth rate is slowing, that is not a contraction or a recession. If that was the case, you’d see junk bonds selling off too, and that just isn’t the case - at least not yet. Our investment process puts a lot of emphasis on rates of change, whether mac...

The U.S. has experienced three months in a row of elevated - and rising - consumer inflation rates. Monetary policy has broken down and is scarcely able to translate central bank actions into the Main Street economy. Fiscal policy is more unproductive than productive, and the more...

June numbers show continued strength, which will likely continue into the second half of 2021. Long-term rates were mostly muted but with a flatter curve, implying that investors are pulling forward the timing of Federal Reserve's asset-purchase tapering and rates lift-off. June's...

The economy is loaded with unwanted cash, and the return on that cash (and the return on almost all fixed-income instruments) is hugely negative. Inflation this year will take about $2 trillion out of the pockets of those owning Treasuries and give it to the federal government. Ca...

The best news last week was the continuing decline in global bond yields, including the 10-year Treasury rate falling below 1.4% last Tuesday. If and when the Fed decides to raise key short-term interest rates, I don’t think they will be able to raise rates by much, since the f...