Reported 2 months ago
PIMCO's Group Chief Investment Officer Daniel Ivascyn believes the U.S. economy is on track to avoid a recession regardless of recent signs of economic weakening. However, he warns that the country's fiscal situation is worsening, prompting PIMCO to increase investments in foreign government debts from countries with lower budget deficits. Ivascyn highlights that while the U.S. Treasury market is experiencing volatility due to economic data and geopolitical tensions, the overall fiscal outlook remains concerning.
Source: YAHOO