Why Bonds Are Back: PIMCO’s Marc Seidner on the Best Fixed Income Setup in Years | #629
Today’s guest is Marc Seidner, PIMCO’s CIO of Non-traditional Strategies. He is also a generalist portfolio manager and a member of the Investment Committee. In today’s episode, Marc explores why the investing landscape has changed from one led by economics to one increasingly shaped by politics and geopolitics. He explains why bonds may offer one of the most compelling opportunities in years, while private credit continues to show stress. He also touches on the K-shape economy and why real assets may help portfolios withstand a more uncertain world.
Key Points
- Economic and geopolitical uncertainties are driving market dynamics, with a shift towards expecting the unexpected in financial markets.
- The current fixed income market offers compelling opportunities, with high-quality bonds yielding around 7% and providing a strong argument for diversification beyond equities and cash.
- Emerging markets and global diversification, including investments in non-traditional assets like municipal bonds and real assets, present significant potential for returns amid economic and geopolitical shifts.
Follow Marc: Website
Resources: When Geopolitics Becomes an Economic Input Expect the Unexpected Charting the Year Ahead: Investment Ideas for 2026
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Chapters
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| 1:50 | |
| 4:47 | |
| 7:32 | |
| 10:13 | |
| 15:06 | |
| 17:49 | |
| 24:50 | |
| 33:05 |
Transcript
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