Pacific Investment Management

Wall Street Humbled as Fast-Reversing Markets Confound the Pros

Business
Jessica Roberts

(Bloomberg) — With inflation up, economic growth down and two-year Treasury yields testing 5%, Bill Gross sensed the music in markets was ...

Yield Hunt Is Finally Back On for Buyers in Emerging Markets

Business
Jessica Roberts

(Bloomberg) — Across Wall Street, analysts and investors had cheered 2023 as the year of emerging markets, only to be burned by ...