Grounded in insights from PIMCO’s income team, the summary distills how the current rate environment is shaping portfolio construction.
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Elevated starting yields and ongoing global easing make high-quality duration and agency MBS particularly attractive relative to tight corporate credit.
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Structured credit—especially segments tied to higher-income consumers—offers resilience and compelling carry, while traditional corporate and floating-rate credit appear less rewarding.
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A steeper U.S. yield curve and fading cash yields strengthen the case for locking in medium- to long-term income opportunities.
For a deeper view into positioning and macro dynamics shaping PIMCO’s income approach, the complete report offers detailed guidance.
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