Bonds
Pimco’s Ivascyn Embraces Trump-Driven Bond Market Volatility
- ‘A little bit of fear in markets’ is ‘a good thing,’ CIO says
- Ready to buy credit on a back up amid a spike in volatility
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Bond traders can’t predict what US President Donald Trump will do next, but that uncertainty can be exploited to generate strong returns, according to Pacific Investment Management Co.’s chief investment officer.
“A little bit of volatility, a little bit of fear in markets, for us would likely be a good thing,” Daniel Ivascyn told Bloomberg News in an interview. “Volatility usually means opportunity for active managers.”