Pimco's Kiesel: We See Value in Credit Right Now

What is the main reason non-agency mortgages are considered attractive in the current market?

• They are being produced in large quantities.

• They have high default rates.

• Housing prices are declining.

• They offer a good risk-reward profile due to limited supply and rising housing prices.

Why has the cap for junk bonds been increased from 10% to 20%?

• To focus solely on high-yield energy investments.

• To decrease the risk profile of the fund.

• To provide more flexibility in investment decisions.

• To reach the 20% mark quickly.

What is a significant trend in the global bond market, particularly in Germany and Japan?

• A large portion of government bonds having negative yields.

• High growth rates in the bond market.

• A decrease in the number of bonds with negative yields.

• Increasing yields in government bonds.

In which sectors does the speaker see select value in high-yield investments?

• Technology and finance.

• Building materials, gaming, and healthcare.

• Energy and commodities.

• Retail and transportation.

How did PIMCO benefit from market dislocations in the energy sector?

• By purchasing undervalued assets during market dislocations.

• By selling off assets quickly.

• By focusing on short-term trading strategies.

• By avoiding investments in the energy sector.