Bond Traders Already Had Their Hands Full, ‘Then a War Breaks Out’ | Metals Mine

  • Bond Traders Already Had Their Hands Full, ‘Then a War Breaks Out’

    From finance.yahoo.com

    Even before last weekend, Pacific Investment Management Co.’s Daniel Ivascyn was preparing for turbulence. With AI-related jitters reverberating through markets and private credit tremors setting off alarms, the chief investment officer at Pimco and manager of the world’s largest active bond fund was making adjustments — reducing corporate credit and stockpiling cash-equivalent holdings that could be quickly sold to take advantage of any dislocations, while still favoring medium-dated Treasuries. “Then a war breaks out in the Middle East,” Ivascyn said in an interview, “and now you have additional ... (full story)

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