Pimco's Kiesel on Fed Policy, Bonds, Banks

The transcript discusses the US economy's growth, inflation trends, and their implications for the bond market. It highlights the need for defensive portfolios and the attractiveness of TIPS and non-agency mortgages. The concept of global yield convergence is explored, affecting US Treasurys' attractiveness. The discussion also covers credit risk, emphasizing selectivity in investments, with opportunities in housing, pipelines, and emerging markets, particularly Brazil.

What changes in the bond market are anticipated due to inflation and Fed actions?

How is the global economic environment influencing US Treasury rates?

What opportunities are identified in emerging markets, particularly in Brazil?