Inside Pimco's Bet on Risky European Bank Bonds

The transcript discusses PIMCO's investment in tier one bonds, particularly those of Deutsche Bank, amidst market concerns and volatility. It highlights the risks associated with 81 securities, market reactions, and the strategies of asset managers. Despite the volatility, PIMCO believes in the potential returns, while other firms remain cautious. The discussion also touches on distressed investments and the current market levels of Deutsche Bank bonds.

What type of bonds did PIMCO invest in, and why are they considered risky?

What concerns are raised about the behavior of tier one bonds in a crisis?

How much debt does PIMCO own in 81 securities, and what is the significance of this amount?

What has been the trend in yields for European corporate bonds, and how does this affect PIMCO's investments?

What was the lowest price reached by Deutsche Bank securities after the Department of Justice leak?