“And that's why at PIMCO, we've been suggesting sourcing…” — Bloomberg Surveillance at 4:48
“And that's why at PIMCO, we've been suggesting sourcing duration globally, because the U.S. story isn't great necessarily on the fiscal side. We know the U.S. has a big budget deficit. It must continuously issue bonds, and that could result in yields rising. So we decided lately to source our duration globally…”
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