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Pimco says bond market outlook improves after ‘historic’ moves

“Bonds tend to perform well during recessionary periods, and if the Fed succeeds in bringing inflation lower, it could create an even stronger backdrop for fixed-income investments,” says Marc Seidner, chief investment officer of non-traditional strategies at Pimco.

Photo: Mike Blake/REUTERS / Ritzau Scanpix

The surge in Treasury yields is “restoring value” to the bond market, especially with the likelihood of a recession rising, according to Pacific Investment Management Co.

“Based on recent indications of where the economy may be heading, we believe the investment outlook has become more constructive, particularly for bonds,” Marc Seidner, chief investment officer of non-traditional strategies at Pimco, writes in a note published on the company’s website.

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