Pimco Says ‘Bonds Are Back’ With Recession Likely This Year

There’s “a strong case for investing in bonds” as a recession looms this year, fixed-income investing giant Pacific Investment Management Co. says in a new report.

Pimco, which oversees roughly $1.7 trillion in assets, says that while a recession could further challenge riskier assets like stocks, “we continue to see a strong case for investing in bonds, after yields reset higher in 2022 and with an economic downturn looking likely in 2023.”