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Investors have accused Credit Suisse traders of sharing nonpublic pricing information with traders at other banks, including in chat rooms with names such as "Yen Cartel." "Trust the chats, the chats will tell you what happened when," Christopher Burke said during opening statements in Manhattan federal court. The jury will decide whether there was a conspiracy to rig the foreign currency market, and whether Credit Suisse was involved in one or more schemes. Some investors including BlackRock Inc (BLK.N) and Allianz SE's (ALVG.DE) Pimco chose to "opt out" of the investor litigation. The case is In Re Foreign Exchange Benchmark Rates Antitrust Litigation, U.S. District Court, Southern District of New York, No.

There were two main elements to the blowup in so-called Liability Driven Investment (LDI) strategies for British pension funds over the end of the third quarter. And yet it's private credit - ranging from direct corporate lending vehicles to leveraged loans - where arguably least is known. The rising rate environment alone has made some wonder how resilient private credit strategies given they don't have to mark to market regularly. To cope with illiquidity, the survey showed investors increasingly pairing private credit allocations with cash or more liquid core fixed income instruments. The boom in private credit assets has been spectacular - but booms don't last forever and shocks like the ones we've seen in recent weeks are at least a shot across the bow.

"Were dysfunction in this market to continue or worsen, there would be a material risk to UK financial stability," the BoE warned. One source at the Treasury said Kwarteng would not resign, and the government would not reverse its policy. A second person familiar with the situation said Truss still backed Kwarteng and they would announce further economic reforms soon. One source at the meeting said Kwarteng had asked the assembled finance bosses what they could do to calm markets. U.S. bond giant PIMCO said it would have less confidence in sterling than it did before last Friday's announcement.

"There will be impacts, there’s correlations ... some market volatility, and then how it weighs in the global growth picture," said Paul Malloy, head of municipals at Vanguard. The wild swings in the pound have ricocheted across currency markets, where volatility was already climbing. According to the widely watched Deutsche Bank Currency Volatility Index , volatility across currencies on Wednesday hit its highest level since the March 2020 COVID-19- induced market meltdown, jumping more than 20% from levels last week. Closely followed indicators of financial stress remain contained. U.S. stock market volatility as measured by the "fear index," the VIX (.VIX), has also climbed in recent days but remains below its 2022 highs.

☆ Pimco's Ivascyn sees a mild recession ahead and several investing opportunities
▼ + stars: | 2022-09-28 | by ( Jeff Cox | ) www.cnbc.com time to read: +1 min

The U.S. is likely headed toward a recession but there's a chance for the downturn to be comparatively mild due to strong underlying fundamentals, according to Pimco bond expert Dan Ivascyn. While he said he still sees a retrenchment coming, he expects strength from consumer and business balance sheets to offset the damage. Our thinking is that it will potentially be a fairly mild recession," Ivascyn told CNBC's Leslie Picker. "One of the reasons why we feel that way is that initial conditions, you know, look look pretty good as the consumer balance sheet [is] quite strong, corporate balance sheets in most areas of the credit markets are quite strong." "All areas that tend to be weak links in recessionary environments have pretty strong fundamentals," he added.

☆ PIMCO CIO says UK market chaos not systemic but will have global impact
▼ + stars: | 2022-09-28 | by ( ) www.reuters.com time to read: +1 min

WASHINGTON, Sept 28 (Reuters) - The collapse of the British pound and subsequent sell off in the country's bond market in recent days do not pose systemic risks but will affect global markets, PIMCO chief investment officer Dan Ivascyn told the CNBC Seeking Alpha conference in New York. Ivascyn added that the Bank of England's decision overnight to prop up the bond market was a short-term fix that would not address waning investor confidence in British policy. Since Friday's UK mini-budget budget flagged 45 billion pounds ($48 billion) worth of unfunded tax cuts, sterling has lost 6% of its value and hit record lows while British bond prices soared. The chaos in a major developed economy adds to unease already generated by sharp interest rate rises from the United States and elsewhere. Register now for FREE unlimited access to Reuters.com RegisterReporting by Davide Barbuscia; writing by Michelle priceOur Standards: The Thomson Reuters Trust Principles.

☆ Fed rate hikes have made some corporate bonds very attractive. How to profit from it
▼ + stars: | 2022-09-27 | by ( Patti Domm | In | ) www.cnbc.com time to read: +5 min

As stocks sink and interest rates rise, investors are getting more excited about corporate bonds than they've been in a generation. One side effect of Federal Reserve tightening policy is it has made interest rates go up everywhere — including in the corporate bond market. The way we choose to access corporate bonds is through a highly diversified low cost index fund and part of the reason for that is when it comes to corporate bonds, there's more difficulty with them than with government bonds," he said. Playing through funds A fund that tracks short-term corporates is the SPSB, SPDR Portfolio Short Term Corporate Bond ETF . There is also the Vanguard Short-Term Corporate Bond ETF VCSH , which tracks a corporate bond index, is off 8.5% this year.

☆ Market is too complacent about the outlook, says PIMCO's Erin Browne
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket is too complacent about the outlook, says PIMCO's Erin BrowneDan Suzuki, deputy chief investment officer at Richard Bernstein Advisors, and Erin Browne, PIMCO portfolio manager of multi-asset strategies, join 'Squawk on the Street' to discuss slowing growth in the market, overeager earning estimates for 2023, and tips for investor positioning in a falling market.

☆ Former PIMCO Chief Economist Paul McCulley: Fed's Powell looking for a softening in the labor market to pivot
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailFormer PIMCO Chief Economist Paul McCulley: Fed's Powell looking for a softening in the labor market to pivotPaul McCulley, former PIMCO chief economist, joins 'Closing Bell' to discuss the Fed and the market's response to its policy.

☆ Watch CNBC's full interview with Bernstein's Dan Suzuki and PIMCO's Erin Browne
▼ + stars: | 2022-09-26 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Bernstein's Dan Suzuki and PIMCO's Erin BrowneDan Suzuki, deputy chief investment officer at Richard Bernstein Advisors, and Erin Browne, PIMCO portfolio manager of multi-asset strategies, join 'Squawk on the Street' to discuss slowing growth in the market, overeager earning estimates for 2023, and tips for investor positioning in a falling market.

☆ El-Erian says the Fed has made a 'policy mistake of historical proportions'
▼ + stars: | 2022-09-26 | by ( Jeff Cox | ) www.cnbc.com time to read: +2 min

Investors are paying the paying the price for the Federal Reserve's policy mistakes, according to Allianz economic advisor Mohamed El-Erian. "This is a two-part policy mistake of historical proportions," the former CEO of bond giant Pimco told CNBC's " Squawk Box " in a Monday interview. And now in the scramble to catch up, they are hiking aggressively into a strong economy, which will be phase two of the policy mistake." El-Erian spoke less than a week after the rate-setting Federal Open Market Committee approved its third consecutive 0.75 percentage point interest rate increase. "So we are going to have to navigate through this historical Fed policy mistake."

☆ Top economist El-Erian says the Fed could have avoided 'higher, faster, longer-lasting' rates and elevated recession risk if it had acted sooner
▼ + stars: | 2022-09-22 | by ( Huileng Tan | ) www.businessinsider.com time to read: +3 min

The Fed raised interest rates by 75 basis points on Wednesday, marking its third straight rate hike. It signaled more hikes ahead to tame inflation, but the move risks tipping the economy into recession. El-Erian said higher, faster hikes and elevated recession risks could have been avoided. His comments came after the Fed on Wednesday hiked interest rates by 0.75 percentage points for the third time in a row to tame rising prices. Higher interest rates discourage borrowing, thus cooling demand throughout the economy, but the move risks slowing growth so much the economy could slide into a recession.

☆ A 35-year market veteran shares how he perfected a strategy to hedge against higher interest rates as the Federal Reserve works to stop inflation
▼ + stars: | 2022-09-22 | by ( James Faris | ) www.businessinsider.com time to read: +5 min

Hedging against higher interest rates has been a winning strategy as the inflation fight continues. At his new firm, the market veteran used his background in options trading and started the Simplify Interest Rate Hedge ETF (PFIX). Bassman's strategy is simply to hedge against interest rates, which have risen dramatically this year as inflation runs rampant. "What I wanted to do was to find a product to offer people direct access to rising interest rates," Bassman told Insider. "The idea that rates go down and you buy this insurance policy — truth be told — is a better strategy," Bassman said.

☆ 'Nasty Fed': Fmr. PIMCO chief economist Paul McCulley warns stocks will face major consequences
▼ + stars: | 2022-09-19 | by ( Melissa Lee | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via Email'Nasty Fed': Fmr. PIMCO chief economist Paul McCulley warns stocks will face major consequencesFormer PIMCO chief economist Paul McCulley on the Fed's potential impact on markets following this week's meeting. With CNBC's Sara Eisen and the Fast Money traders, Tim Seymour, Karen Finerman, Steve Grasso and Brian Kelly.

☆ Mohamed El-Erian has warned the Fed's rate hikes may fail to squash inflation - but could tank the US economy and job market anyway
▼ + stars: | 2022-09-19 | by ( Theron Mohamed | ) www.businessinsider.com time to read: +3 min

Mohamed El-Erian warned of slower global growth, stubborn inflation, and higher unemployment. The top economist pointed to signs of weaker demand and the likelihood of further Fed rate hikes. "Stagflation" describes a toxic combination of stagnant economic growth, elevated inflation, and rising joblessness. In El-Erian's view, the Fed's aggressive interest-rate hikes risk choking growth and driving up unemployment, while failing to temper price increases. Earlier in September, El-Erian warned that global growth has become more fragile thanks to Europe's energy crisis, China's continued lockdowns, and the US's high inflation and waning demand.

☆ 'The best sweet spot': Buy these inflation-beating funds to protect your money, strategist says
▼ + stars: | 2022-09-19 | by ( Weizhen Tan | ) www.cnbc.com time to read: +3 min

As inflation remains stubbornly high, and volatility in U.S. stocks and bonds persists, one strategist has shared his top ways for investors to protect their income. High inflation increases the chances of the U.S. Federal Reserve raising rates further, which tends to mean a stronger dollar. His picks include the iShares Euro Inflation Linked Government Bond UCITS ETF and the iShares TIPS Bond ETF . That's a bad combination for agricultural output, and high gas prices will contribute to higher fertilizer prices, he added. The 'best sweet spot' As U.S. investors scramble to navigate continued volatility, particularly in stocks, Jolley said the "brave" could consider stocks overseas.

☆ The definitive guide to getting started in real-estate investing
▼ + stars: | 2020-07-21 | by ( Business Insider | ) www.businessinsider.com time to read: +4 min

But have you ever considered real-estate investing? If you aren't yet a subscriber to Investing Insider, you can sign up here. Our research culminated in a definitive guide to getting into real-estate investing. Among Mittal's funds is the StocksPlus Long Duration Fund, which consistently beats 99% of peers. — Bill Miller, the founder of Miller Value Partners, whose record-setting fund trounced the market for 15 consecutive years

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