Pimco Says Treasuries ‘Becoming More Attractive’ After Selloff
- Geraldine Sundstrom says bonds are ‘closer to fair area’
- ‘Market probably going over its skis’ on rate-hike bets
Geraldine Sundstrom, portfolio manager for asset allocation strategies at Pimco, discusses the bond selloff.
Source: Bloomberg
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Pimco may soon reconsider its underweight stance on long-duration government bonds that have already taken a big beating in the new-year selloff.
Geraldine Sundstrom, a portfolio manager focused on asset allocation strategies at Pacific Investment Management Co. in London, said Treasury yields are starting to look appealing after soaring more than 30 basis points since the start of 2022.