Pimco Sees Best Bond Return Potential in 14 Years as Rates Rise

One of the world’s biggest bond managers sees the best opportunity in more than a decade to invest in public-debt securities as the Federal Reserve is likely to delay rate cuts until next year.

Investors can get equity-like returns by investing in short-term publicly traded bonds, which are generating yields of 6% to 8%, Pacific Investment Management Co. executives said in a series of interviews with Bloomberg TV at the firm’s Newport Beach, California, headquarters.