Pimco's Kiesel Sees 10-Year Yield Anchored as Growth Slows

The video discusses the current state of US interest rates compared to other developed markets, highlighting the influx of foreign capital into the US due to high rates. Despite the Fed raising short-term rates, inflation remains stable, causing the yield curve to flatten. With low rates in Japan and Europe, foreign investments are drawn to the US, supported by a strong dollar. PIMCO has been underweight in US Treasurys but is moving to a neutral stance as the market reprices. The 10-year yield is at 3%, and PIMCO anticipates a slowdown in US economic growth, suggesting a potential buy signal for short to intermediate parts of the yield curve.

What is the expected growth rate of the US economy according to the text?

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Why is the short to intermediate part of the yield curve considered attractive?

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