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☆ These bond funds withstood the 2008 and 2020 recessions. What investors can learn from them
▼ + stars: | 2023-11-07 | by ( Darla Mercado | Cfp | ) www.cnbc.com time to read: +5 min

Investors curious as to whether their bond funds could withstand an economic downturn would do well to look back to the last two recessions. The PGIM Core Bond Fund (TAIBX) and the Calvert Core Bond Fund (CLDAX ) earned returns of more than 8% from December 2007 to the end of June 2009, according to data from Morningstar Direct. Standouts include the Carillon Reams Core Bond Fund (SCCIX) , which incurred a 7.55% return from February through April 2020, per Morningstar. The Johnson Institutional Core Bond fund (JIBFX) and American Funds' Bond Fund of America (ABNDX) round out the top three, with total returns in that period of more than 4%. A combo of attributes Core bond funds have a combination of features that prepare them for downturns.

Persons: Liz Young, Lehman, Calvert, Paul Olmsted, Olmsted Organizations: Nasdaq, Federal, Lehman Brothers, Bond Fund, Morningstar Direct, Funds, Bond Fund of America, Morningstar, Treasury Bond ETF

☆ There's a real risk of a low turnout election if it's Biden vs. Trump, says PIMCO's Libby Cantrill
▼ + stars: | 2023-10-31 | 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 EmailThere's a real risk of a low turnout election if it's Biden vs. Trump, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Squawk Box' to discuss the state of the 2024 race, why she believes many are discounting the risk of a government shutdown in the coming months, and more.

Persons: it's Biden, Trump, PIMCO's Libby Cantrill Libby Cantrill

☆ Buy on a tactical basis, but be ready to sell in 2024, says PIMCO's Erin Browne
▼ + stars: | 2023-10-23 | 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 EmailBuy on a tactical basis, but be ready to sell in 2024, says PIMCO's Erin BrowneErin Browne, PIMCO portfolio manager, joins 'Closing Bell' to discuss her 2024 outlook for earnings and the market.

Persons: PIMCO's Erin Browne Erin Browne

☆ U.S. aid and budget are the two big questions for next House Speaker, says PIMCO's Libby Cantrill
▼ + stars: | 2023-10-17 | 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 EmailU.S. aid and budget are the two big questions for next House Speaker, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of public policy, joins 'The Exchange' to discuss the likelihood of Rep. Jim Jordan going to a second round of voting after falling short in round one, the possibility for congress to allow the Speaker Pro Tempore to bring-in legislation, and the potential for automatic spending cuts in January.

Persons: PIMCO's Libby Cantrill Libby Cantrill, Jim Jordan Organizations: Pro Tempore

☆ The risk of a hard landing is still quite high, says PIMCO's Daniel Ivascyn
▼ + stars: | 2023-10-12 | 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 EmailThe risk of a hard landing is still quite high, says PIMCO's Daniel IvascynDaniel Ivascyn, PIMCO group chief investment officer, joins 'Power Lunch' to discuss higher yields, the impact of a hard landing, and more.

Persons: PIMCO's Daniel Ivascyn Daniel Ivascyn

☆ The market is probably more data-dependent than the Fed at this point, says PIMCO's Jerome Schneider
▼ + stars: | 2023-10-06 | 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 EmailThe market is probably more data-dependent than the Fed at this point, says PIMCO's Jerome SchneiderJerome Schneider, PIMCO portfolio manager and head of the short-term desk, joins 'Squawk Box' to discuss the latest market trends, rising Treasury yields, economic outlook, and more.

Persons: PIMCO's Jerome Schneider Jerome Schneider

☆ PIMCO's Bill Gross: Bond market is a captive of the treasury supply, the Fed, retail bond vigilantes
▼ + stars: | 2023-10-03 | 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 EmailPIMCO's Bill Gross: Bond market is a captive of the treasury supply, the Fed, retail bond vigilantesHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bill Gross, Brian Sullivan, “ Organizations: CNBC

☆ We're now seeing signs the economy is weakening, says PIMCO's Tiffany Wilding
▼ + stars: | 2023-10-02 | 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 EmailWe're now seeing signs the economy is weakening, says PIMCO's Tiffany WildingTiffany Wilding, PIMCO economist, joins 'Squawk on the Street' to discuss if Wilding is seeing evidence of a weakening economy, whether the weakening economy turns the bond yield story around, and more.

Persons: PIMCO's Tiffany Wilding Tiffany Wilding, Wilding

☆ Congress still needs to figure out how to avoid shutdown in 45 days, says PIMCO's Libby Cantrill
▼ + stars: | 2023-10-02 | 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 EmailCongress still needs to figure out how to avoid shutdown in 45 days, says PIMCO's Libby CantrillLibby Cantrill, PIMCO head of U.S. public policy, joins 'Power Lunch' to discuss the averted government shutdown and the global political story.

Persons: PIMCO's Libby Cantrill Libby Cantrill

☆ Watch CNBC's full interview with Citi Global's Kristen Bitterly and PIMCO's Erin Brown
▼ + stars: | 2023-09-29 | 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 Citi Global's Kristen Bitterly and PIMCO's Erin BrownKristen Bitterly, Citi Global Wealth Management head of North America investments, and Erin Browne, PIMCO portfolio manager, join 'Closing Bell' to discuss short-term risks for the stock market.

Persons: Citi Global's Kristen, PIMCO's Erin Brown Kristen, Erin Browne Organizations: Citi Global's, Citi Global Wealth Management Locations: North America

☆ The market's heaviest hitters are sounding the alarm on US debt
▼ + stars: | 2023-09-16 | by ( Filip De Mott | ) www.businessinsider.com time to read: +4 min

Three market experts have cited concern that growing US debt will send interest rates up. US debt supply will only grow, as a recession would expand the federal deficit, Jeffrey Gundlach added. The warnings come as federal deficits have exploded in recent years, sharply elevating the trajectory of US debt. AdvertisementAdvertisementThough interest rate gains would help drive demand for bonds, they make debt servicing more costly. Bill GrossThe "bond king" who drove Pimco's fixed-income success had similar apprehensions about the debt market.

Persons: Ray Dalio, Bill Gross, Jeffrey Gundlach, Dalio, Pimco's, Gross, I'm, Gundlach Organizations: Service, Treasury Department, Federal Reserve, Wall Street, Bridgewater Associates, Milken Institute Asia Summit, Treasury, Fox Business Locations: Wall, Silicon, Singapore

☆ The consumer is still in a better place, despite savings drop, says PIMCO's Jerome Schneider
▼ + stars: | 2023-08-31 | 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 EmailThe consumer is still in a better place, despite savings drop, says PIMCO's Jerome SchneiderJerome Schneider, PIMCO managing director, and CNBC's Rick Santelli join 'Power Lunch' to discuss bonds and the job markets.

Persons: PIMCO's Jerome Schneider Jerome Schneider, PIMCO, Rick Santelli

☆ The housing market is one of the reasons the economy is so strong, says PIMCO's Bill Gross
▼ + stars: | 2023-08-24 | 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 EmailThe housing market is one of the reasons the economy is so strong, says PIMCO's Bill GrossHosted by Brian Sullivan, “Last Call” is a fast-paced, entertaining business show that explores the intersection of money, culture and policy. Tune in Monday through Friday at 7 p.m. ET on CNBC.

Persons: Bill Gross, Brian Sullivan, “ Organizations: CNBC

☆ PIMCO's Jerome Schneider explains why now's the 'perfect condition' to be in fixed income
▼ + stars: | 2023-08-24 | 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 EmailPIMCO's Jerome Schneider explains why now's the 'perfect condition' to be in fixed incomeLouise Sheiner, Brookings Institution senior fellow and policy director for The Hutchins Center on Fiscal and Monetary Policy, and Jerome Schneider, PIMCO managing director, join 'Squawk Box' to discuss the state of the economy, latest market trends, what investors should expect from Fed Chair Jay Powell in Jackson Hole tomorrow, and more.

Persons: PIMCO's Jerome Schneider, Louise Sheiner, Jerome Schneider, PIMCO, Jay Powell Organizations: Brookings Institution, The Hutchins, Monetary Locations: Jackson

☆ We may see a higher yield environment for quite some time, says PIMCO's Jerome Schneider
▼ + stars: | 2023-08-10 | 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 EmailWe may see a higher yield environment for quite some time, says PIMCO's Jerome SchneiderJerome Schneider, PIMCO managing director, joins 'Squawk on the Street' to discuss Schneider's outlook for the Federal Reserve, how short-term yields will perform, and more.

Persons: PIMCO's Jerome Schneider Jerome Schneider, PIMCO Organizations: Federal Reserve

☆ Union Square Ventures slashed the value of 7 of its funds by 26%. Insiders say this will be the 'start of a cascade' of lower valuations for VC funds.
▼ + stars: | 2023-08-02 | by ( Ben Bergman | ) www.businessinsider.com time to read: +5 min

Union Square Ventures is widely considered to be one of the top performing venture firms of all time. USV marked down seven of its funds by nearly 26% this year, a far steeper writedown than other firms. Union Square Ventures — an early backer of Robinhood, Coinbase, and Etsy— is widely considered to be one of the top performing venture firms of all time. Venture firms are required to value their holdings at fair market value, but assessing the value of illiquid assets leaves considerable room for discretion. USV's 2004 fund returned more than $305 million in cash from a $22 million UTIMCO investment, with an IRR of 66%.

Persons: USV, —, VCs, Vincent Harrison, Combinator, Fred Wilson, Wilson Organizations: Square Ventures, Union Square Ventures, UTIMCO, University of Texas, Venture, Bay, Sequoia, Twitter, Zynga Locations: Robinhood, Texas, USV

☆ Powell is leaving the Fed's options open, says PIMCO's Richard Clarida
▼ + stars: | 2023-07-26 | 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 EmailPowell is leaving the Fed's options open, says PIMCO's Richard ClaridaFormer Federal Reserve vice chair and PIMCO Global Economic Advisor Richard Clarida joins 'Power Lunch' to discuss additional credit tightening from new capital requirements, the Fed's decision to raise interest rates another 25 bps in July, and signals of easing inflation.

Persons: Powell, PIMCO's Richard Clarida, Richard Clarida Organizations: PIMCO's Richard Clarida Former Federal Reserve

☆ China Politburo's measures have been 'a bit vague': Portfolio manager
▼ + stars: | 2023-07-26 | 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 EmailChina Politburo's measures have been 'a bit vague' and the market is skeptical: Portfolio managerStephen Chang, Pimco's Asia portfolio manager, says yesterday's stock market rebound seems to be "fading out."

Persons: Stephen Chang Organizations: China, Pimco's Locations: Pimco's Asia

☆ The drop in inflation in June paves the way for the US economy to avoid a recession, former PIMCO chief economist says
▼ + stars: | 2023-07-12 | by ( Jennifer Sor | ) www.businessinsider.com time to read: +3 min

The drop in inflation is strengthening the case the US will avoid a recession, economist Paul McCulley said. The former chief economist of PIMCO pointed to June CPI, which showed inflation eased to 3%. Cooling prices in the economy is exactly what the Fed and markets want to see, he said. They don't have to stay high as long as they think if it turns out that the lags are nastier than we think," McCulley said. Other commentators have turned more positive on the economy and markets as inflation continues to cool without sparking significant weakness in the labor market.

Persons: Paul McCulley, PIMCO, McCulley Organizations: Service, Consumer, CNBC Locations: Wall, Silicon

☆ Recession could still hit U.S. economy in second-half of 2023, says PIMCO's Tiffany Wilding
▼ + stars: | 2023-07-12 | 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 EmailRecession could still hit U.S. economy in second-half of 2023, says PIMCO's Tiffany WildingTiffany Wilding, PIMCO managing director, joins 'Squawk on the Street' to discuss her call for a recession and the Fed's next move.

Persons: PIMCO's Tiffany Wilding Tiffany Wilding, PIMCO

☆ If you're hoping interest rates will fall anytime soon, you're out of luck, says $1.8 trillion financial titan
▼ + stars: | 2023-07-02 | by ( Ryan Hogg | ) www.businessinsider.com time to read: +2 min

Interest rates are unlikely to fall soon, said an executive at a firm with assets of $1.8 trillion. Pimco's Daniel Ivascyn told the Financial Times he doubted central banks' ability to tame inflation. Not so fast, says one mammoth investor who believes interest rate cuts are still some way off – while a "hard landing" very much remains a possibility. Pimco manages assets worth $1.8 trillion – a bit smaller than the size of the entire UK economy. "We have a real legitimate inflation problem," Ivascyn told the FT, adding it would be difficult for central banks to cut their target rate until inflation is much closer to the 2% target.

Persons: Pimco's Daniel Ivascyn, —, Daniel Ivascyn, Ivascyn Organizations: Financial, Service, Financial Times, Federal Reserve, Fed

☆ Biden's embracing economic scorecard despite risks of downturn, says PIMCO's Libby Cantrill
▼ + stars: | 2023-06-28 | 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 EmailBiden's embracing economic scorecard despite risks of downturn, says PIMCO's Libby CantrillCNBC's Emily Wilkins, PIMCO's Libby Cantrill, and Bleakley Financial's Peter Boockvar join 'The Exchange' to discuss markets joins 'Halftime Report' to discuss Biden's policy agenda, the President's plans for fiscal stimulus, and efforts to raise Americans awareness about policy improvements.

Persons: PIMCO's Libby Cantrill, Emily Wilkins, Bleakley, Peter Boockvar

☆ Watch CNBC's full interview with PIMCO's Libby Cantrill and Bleakley Financial's Peter Boockvar
▼ + stars: | 2023-06-28 | 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 PIMCO's Libby Cantrill and Bleakley Financial's Peter BoockvarCNBC's Emily Wilkins, PIMCO's Libby Cantrill, and Bleakley Financial's Peter Boockvar join 'The Exchange' to discuss markets joins 'Halftime Report' to discuss Biden's policy agenda, the President's plans for fiscal stimulus, and efforts to raise Americans awareness about policy improvements.

Persons: PIMCO's Libby Cantrill, Bleakley, Peter Boockvar, Emily Wilkins

Northvolt, which counts BMW (BMWG.DE) and Volkswagen (VOWG_p.DE) among its investors, last year delivered its first battery cells from its gigafactory in Skelleftea in Sweden. In its largest deal in Europe yet, IMCO has invested $400 million in Northvolt through convertible notes, it told Reuters. "Whether it (Northvolt) goes public or stays private, we've done our homework and we are happy with the investment." Matthew Mendes, IMCO's head of infrastructure, said the Northvolt investment was examined jointly by his team and IMCO's public equities managers. IMCO has an investment team of 110 staff, which it plans to grow as it looks for more investments overseas.

Persons: IMCO, we've, Northvolt, Stoyanova, Carlyle, Matthew Mendes, IMCO's, Mendes, Simon Jessop, Tommy Reggiori Wilkes, Marguerita Choy Organizations: Energy, Canada's Investment Management Corporation of Ontario, BMW, Volkswagen, Reuters, Blackstone, Thomson Locations: Europe, Swedish, Skelleftea, Sweden, Germany, Britain, North America, Ontario, Brookfield

☆ Initial jobless claims hit 261K, highest level in 19 months
▼ + stars: | 2023-06-08 | 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 EmailInitial jobless claims hit 261K, highest level in 19 monthsCNBC's Rick Santelli and PIMCO's Jerome Schneider joins 'Power Lunch' to discuss initial jobless claims hitting a nineteen-month high, T-bill digestion schemes, and the potential for further economic shocks.

Persons: Rick Santelli, PIMCO's Jerome Schneider

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