Pimco's Kiesel on U.S. Retail Sales, Treauries

The video discusses the Federal Reserve's impact on market expectations, highlighting a reduced likelihood of rate hikes. It examines the declining attractiveness of US Treasuries due to low yields and increased hedging costs for foreign investors. A global comparison of interest rates shows the US as relatively favorable. The discussion shifts to investment strategies, emphasizing reduced interest rate risk in developed markets and increased focus on credit risk and emerging markets, which offer higher yields.

What is the current strategy of PIMCO regarding interest rate risk and credit risk?

What opportunities do emerging market bonds present compared to US credit markets?