What's Going On With Treasury Rates?

We think the Fed has time to assess the impact of tariffs, and we expect it to wait to cut rates until the data show that tariffs are impacting the real economy. So far, there are no signs of recession in the hard data. The tariff pause offers the possibility to avoid worst-case economic scenarios before the damage is crystalized. We believe technical factors will continue to drive market dislocations in spreads and sectors, and that active managers can navigate this more effectively.

Seeking Alpha • Apr 18, 2025

CORP: Pimco's Answer To An Investment Grade Corporate Bond Fund

PIMCO's corporate bond ETF seeks to provide optimized exposure to investment grade corporate bonds with excess yield relative to government securities. The fund has over 1,500 holdings, with a focus on investment grade corporate bonds, particularly BBB-rated credits, and has a 6.2 years duration. The ETF has performed similarly to the larger iShares iBoxx $ Investment Grade Corporate Bond ETF, with a slight outperformance due to lower duration.

Seeking Alpha • Apr 24, 2024

The Credit Opportunity In M&A

M&A was almost dormant in 2023. In the US, as a proportion of the market value of the benchmark equity indices, it fell to its lowest level in 20 years, according to McKinsey. Credit investors are not traditionally supposed to be fans of M&A, and it's true we are wary of leveraging M&A, where debt is loaded onto balance sheets to buy competitors. We are seeing a comeback for M&A that we think is likely to continue through 2024.

Seeking Alpha • Mar 4, 2024

CORP: Playing It Safe Could Be Costing Corporate Bond Investors

I review the PIMCO Investment Grade Corporate Bond Index ETF and compare it to the HYG ETF and FALN ETF, which invest in lower-rated corporate bonds. The article analyzes the risk and return of each ETF, highlighting the differences in ratings, yields, and portfolio strategies. Based on that analysis, my view is CORP is only for very conservative investors as the return lost is not justified by the risk avoided. At best, a Hold rating.

Seeking Alpha • Nov 10, 2023

ETF Flows, The Winners And Losers In Volatile Markets

Recent uncertainty, instigated by the issues seen across the financial sector, has led to a change in investment flows seen across exchange traded funds. A change in investment flows can be seen over the month of March as equity market volatility has increased.

Seeking Alpha • Mar 22, 2023

ETFs to Buy on Likely March Rate Hike With More in the Cards

The Fed is highly likely to hike rates in its March meeting as the central bank seeks to combat the sky-high inflation. More Fed rate hikes are in the cards.

Zacks Investment Research • Jan 27, 2022

ETFs to Play the Fed Rate Hike Buzz

The Fed held interest rates steady at a near-zero level in its latest June meeting, but raised the rate hike expectations.

Zacks Investment Research • Jun 22, 2021

Fed Rate Hike in the Cards? ETFs to Buy

Let's take a look at some ETFs for current income and likely capital appreciation as the Fed officials project sooner-than-expected interest rate hikes.

Zacks Investment Research • Jun 17, 2021

Fed Bumps Up Economic Growth Forecasts: ETFs to Play

As widely expected, the Fed held interest rates steady at a near-zero level in its latest meeting.

Zacks Investment Research • Mar 18, 2021

5 ETFs to Buy as Fed Maintains Bond Buying

As widely expected, the Fed held interest rates steady at near-zero level in its latest meeting and maintained bond buying. However, the Fed beefed up growth projections for the U.S. economy.

Zacks Investment Research • Dec 17, 2020