Pimco makes bold yen buying move, forecasting Bank of Japan monetary tightening

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PIMCO says bullish longer term bonds (12 month horizon), cites peaking inflation

PIMCO said it was bullish on the performance of long-term bonds: continue to favour long-term bonds over the next year, as they provide high yields not seen for over a decade while offering a cushion against economic uncertainty and expectations inflation has peaked More: U.S. economic growth is expected to slow the remainder of 2023