PIMCO Pod
Episodes
The Credit Market Lens: Sharpe Is Back in Emerging Markets
22 Jun 2026
Contributed by Lukas
In this episode, we discuss why emerging market bonds are delivering the best risk-adjusted returns in fixed income, and what it means for multi-asset...
Hawkish-Leaning Committee, Reform-Minded Chair: Warsh’s First Fed Meeting
19 Jun 2026
Contributed by Lukas
In this episode, we discuss the Fed holding rates while signaling a more hawkish outlook and possible policy changes under Chair Warsh. The dis...
How Large Is Private Credit’s Total Addressable Market, Really?
15 Jun 2026
Contributed by Lukas
In this episode, we discuss A rigorous framework anchored in asset-based finance helps define the actual scale and scope of the opportunity.The discus...
Rupture and Resilience
10 Jun 2026
Contributed by Lukas
In this episode, we discuss how a global economic outlook for fractured alliances, fiscal strain, and massive-scale AI investment could drive divergen...
Energy Credit Market Returns Reflect Sector Discipline
08 Jun 2026
Contributed by Lukas
In this episode, we discuss how behind the recent rally in energy credit lies a multi-year story of management discipline, restrained capital spending...
The Quiet Erosion Beneath U.S. Growth
04 Jun 2026
Contributed by Lukas
In this episode, we discuss how weakening real incomes, low savings, and rising uncertainty could quietly undermine U.S. consumption and economic resi...
AI Financing Needs Do Not Override Cyclical Drivers of Yield
03 Jun 2026
Contributed by Lukas
In this episode, we discussed how structural pressures from the AI buildout are real, but they are growing slowly, not driving the yield moves investo...
Supply Shocks and AI-Related Demand Blur Inflation Signals for the Fed
29 May 2026
Contributed by Lukas
In this episode, we discuss how overlapping supply shocks and AI-driven demand are clouding inflation signals, complicating Fed policy and widening un...
Measuring What Matters in Public and Private Fixed Income
26 May 2026
Contributed by Lukas
In this episode, we discussed that with spreads tight and dispersion rising, the tools investors use to judge performance matter more than ever.The di...
AI Credit Expansion: Assessing the Micro and Macro
22 May 2026
Contributed by Lukas
In this episode, we discuss today’s AI financing wave looks more disciplined than past infrastructure investment booms, yet it still demands selecti...
AI, Market Power, and Diminishing Labor Share
21 May 2026
Contributed by Lukas
Welcome to PIMCO Pod. In this episode, We discuss how rising AI adoption is likely contributing to near-term inflation but may ultimately reduce the l...
What Would The Merton Model Say About AI Capital Spending?
19 May 2026
Contributed by Lukas
In this episode, we discuss how AI-driven capex is widening the gap between opportunity in equities and risk in credit.The discussion and content prov...
Daily Pricing Is Not Daily Liquidity
12 May 2026
Contributed by Lukas
In this episode, we discuss how marking asset prices more frequently won’t fix transparency and accuracy issues in private credit, which still lacks...
U.S. Inflation Measures Tell Two Different Stories
07 May 2026
Contributed by Lukas
In this episode, we discuss how U.S. inflation looks tame in CPI but remains elevated in the Fed’s preferred PCE measure due to AI-driven demand and...
Making Sense of a Cross-Asset Disconnect
05 May 2026
Contributed by Lukas
In this episode, we discuss how oil sends a warning, risk assets shrug, and rates markets price in a more cautious distribution of outcomes. The disc...
Fed’s Holding Pattern Continues Amid Competing Risks
01 May 2026
Contributed by Lukas
In this episode, we discuss the Federal Reserve’s decision to hold rates steady amid heightened uncertainty and competing economic risks. The discu...
The Credit Market Lens: Differing Signals in BDCs, and Orderly Defaults in High Yield
27 Apr 2026
Contributed by Lukas
In this episode, we discuss how equity and credit investors are reassessing BDC valuations differently – and why high yield defaults continue to pla...
When Geopolitics Becomes an Economic Input
24 Apr 2026
Contributed by Lukas
In this episode, we discuss strategies to strengthen and diversify portfolios need to adapt to a world where geopolitical risk is a feature rather tha...
Higher Energy Costs, Weaker Tax Relief Squeeze U.S. Households
22 Apr 2026
Contributed by Lukas
In this episode, we discuss how persistent energy price pressures and less‑than‑expected tax relief are intensifying financial stress for U.S. hou...
The Credit Market Lens: Software Stuck in a Trough
20 Apr 2026
Contributed by Lukas
In this episode, we discuss how, the software sector remains challenged by pressured valuations, uncertain recoveries, and less reliable sponsor suppo...
Why the Fed Could Shrink Its Balance Sheet Again (and Markets Might Not Notice)
16 Apr 2026
Contributed by Lukas
In this episode, we discuss why the Federal Reserve could further shrink its balance sheet and why, if done gradually, markets may see little impact. ...
The Credit Market Lens: Oil Supply Shocks Don’t Age Well
13 Apr 2026
Contributed by Lukas
In this episode, we discuss how, Markets may be pricing some relief for now, but the true measure of an oil shock is how long it endures. The discu...
U.S. Employment Volatility Masks Structural Shift
09 Apr 2026
Contributed by Lukas
In this episode, we discuss how volatile U.S. employment data is masking a structural shift toward slower labor force growth and greater reliance on p...
Temporary Disruption – or the Start of a Global Supply Shock?
03 Apr 2026
Contributed by Lukas
In this episode, we discuss the growing risk that prolonged Iran-related oil disruptions could shift from a temporary shock to a global supply crisis....
The Credit Market Lens: A market split, but for how long?
30 Mar 2026
Contributed by Lukas
In this episode, we discuss how, Amid geopolitical uncertainty, dispersion across credit markets – rather than a broad risk off move – has become ...
Layered Uncertainty: Conflict, Credit Stress, and AI
27 Mar 2026
Contributed by Lukas
In this episode, we discuss how in a world of intensified uncertainty and dispersion, investing becomes less about forecasting and more about favoring...
Spreads May Be Converging Across Public and Private Markets, But Liquidity Is Not Evolves
24 Mar 2026
Contributed by Lukas
In this episode, we discuss the efforts to make private credit tradable face obstacles and risk undermining one of the main reasons – earning an ill...
Caution Takes Center Stage at the March Fed Meeting
20 Mar 2026
Contributed by Lukas
In this episode, we discuss how the Fed emphasized a cautious stance on rate cuts amid uncertainty from the recent energy shock. The discussion and c...
Private Credit’s Other Lanes Still Offer Value
17 Mar 2026
Contributed by Lukas
In this episode, we discuss why the direct lending sector is under scrutiny and highlight how the broader private credit universe, spanning asset base...
Middle East Conflict Clouds the Economic Outlook
12 Mar 2026
Contributed by Lukas
In this episode, we discuss how the Middle East conflict could drive a global energy supply shock that heightens inflation risks, pressures growth, an...
Behavioral Insights for Investors: Reconciling the Hot Hand and Gambler’s Fallacies.
05 Mar 2026
Contributed by Lukas
In this episode, we discuss two seemingly opposite behavioral biases and what they mean for investors. The discussion and content provided within thi...
Tariff Ruling Drives Near-Term Uncertainty, With Potential for Longer-Term Stability
26 Feb 2026
Contributed by Lukas
In this episode, we discuss the economic and policy implications of the recent U.S. Supreme Court ruling on tariffs. The discussion and content provi...
The AI-Driven Productivity Tide May Not Lift All Boats
19 Feb 2026
Contributed by Lukas
In this episode, we discuss how the rapid adoption of AI is shaping U.S. productivity, investment, and labor markets, creating both economic opportuni...
U.S. Housing Inflation: Stubbornly High to Stubbornly Low
12 Feb 2026
Contributed by Lukas
In this episode, we discuss the outlook for U.S. housing prices. The discussion and content provided within this podcast is intended for informatio...
Expect the Unexpected
09 Feb 2026
Contributed by Lukas
In this episode, we discuss why surprise, rather than stability, may be the defining feature of 2026 as policy volatility reshapes markets and investm...
U.S. Policy Update: Warsh Fed Nomination and Texas Special Elections
05 Feb 2026
Contributed by Lukas
In this episode, We discuss recent U.S. policy developments, including the Warsh Fed nomination and surprising Democratic gains in Texas special elect...
Under a Warsh Fed, Expect a Thoughtful Policy Approach
03 Feb 2026
Contributed by Lukas
In this episode, We discuss how Kevin Warsh, the new Fed chair nominee, would likely look to reduce the size of the Fed's balance sheet and revisit co...
Fed Holds Steady and Signals Longer-Term Easing Bias
29 Jan 2026
Contributed by Lukas
In this episode, we discuss how the Fed kept interest rates steady in January while hinting that easing may happen at some point when supported by the...
Why U.S. Productivity Gains No Longer Reach Workers
23 Jan 2026
Contributed by Lukas
In this episode, We discuss why recent U.S. productivity gains aren’t boosting worker incomes correspondingly, as more of the benefits flow to large...
PIMCO Cyclical Outlook - Compounding Opportunity
13 Jan 2026
Contributed by Lukas
In this episode, We discuss how, following strong 2025 returns, high quality fixed income continues to offer attractive yields and global diversificat...
Theory of Mind in Markets
10 Dec 2025
Contributed by Lukas
In this episode, Anastasia Buyalskaya, an advisor to PIMCO on behavioral science, discusses how understanding others’ beliefs and expectations can h...
How Tariffs and Technology Reshaped the U.S. Economy in 2025 – and What Comes Next
05 Dec 2025
Contributed by Lukas
In this episode, we discuss how tariffs and rapid AI adoption shaped the U.S. economy in 2025, and what these trends could mean for growth, inflation,...
Charting the Year Ahead: Investment Ideas for 2026
04 Dec 2025
Contributed by Lukas
In this episode, we explore opportunities across equities, bonds, credit, and commodities that have the potential to offer investors resilience and di...
Tariffs Are Here to Stay
21 Nov 2025
Contributed by Lukas
In this episode, we discuss how the Supreme Court could affect U.S. tariffs. The discussion and content provided within this podcast is intended fo...
The Economics of AI Scale
13 Nov 2025
Contributed by Lukas
In this episode, we discuss the potential macroeconomic impacts of AI, and how its incredible possibilities balanced against its risks, costs, and cur...
After the Gold Rush The Strategic Role of Commodities in Portfolios
13 Nov 2025
Contributed by Lukas
In this episode, we discuss how investors have poured into gold – but they may also see compelling benefits from a broad-based commodity allocation....
Fed Policy in the Fog of Missing Data
07 Nov 2025
Contributed by Lukas
In this episode, we discuss how the U.S. government shutdown is obscuring key economic data, prompting the Federal Reserve to potentially delay intere...
China’s Growth Engine Faces Fresh Challenges
30 Oct 2025
Contributed by Lukas
In this episode, we discuss how China’s growth model is being tested by weakening domestic demand and rising global trade barriers. The discussion ...
Cracks Emerge Beneath Market Resilience, Challenging Areas of the U.S. Economy
23 Oct 2025
Contributed by Lukas
In this episode, we discuss how recent bankruptcies along with price movements in select markets underscore the widening gap between winners and loser...
Tariffs Test AI-Driven Expansion
17 Oct 2025
Contributed by Lukas
In this episode, we discuss how underneath the AI-related optimism lifting stock markets are increasing signs that the cost of tariffs is building. T...
U.S. Shutdown Stalemate: Economic Impact and the Fed’s Next Move
09 Oct 2025
Contributed by Lukas
In this episode, we discuss how the U.S. government shutdown could affect the economy and disrupt the data releases that inform investments and Fed po...
PIMCO Cyclical Outlook - Tariffs, Technology, and Transition
02 Oct 2025
Contributed by Lukas
In this episode, we discuss how locking in attractive bond yields can support long-term returns, especially as central banks cut interest rates and ta...
Troubling Signals in U.S. Employment Data
25 Sep 2025
Contributed by Lukas
In this episode, we take a deeper dive into U.S. labor market data that reveal troubling trends, which will likely prompt more Fed interest rate cuts....
Fed Delivers Dovish Shift, Restarts Rate-Cutting Cycle
19 Sep 2025
Contributed by Lukas
In this episode, we discuss how the Federal Reserve cited increasing risks to the U.S. labor market as a reason to ease monetary policy. The discu...
U.S. Labor Markets: A Release Valve for Tariff Pressure?
18 Sep 2025
Contributed by Lukas
In this episode, we discuss how U.S. companies are absorbing tariffs by cutting labor costs and increasing prices modestly. The discussion and cont...
PIMCO Perspectives - A Fed Housing Fix That’s Hiding in Plain
16 Sep 2025
Contributed by Lukas
In this episode, we discuss how mortgage bond reinvestment could be the Federal Reserve’s most effective and immediate tool to unlock the housing ma...
Decision-Making and Behavioral Bias in the Age of AI
12 Sep 2025
Contributed by Lukas
In this episode, Anastasia Buyalskaya, an advisor to PIMCO on behavioral science, shares general thoughts on how AI might be used to support investmen...
Renewed Challenges to Fed Independence
29 Aug 2025
Contributed by Lukas
In this episode, we discuss how President Trump's announcement that he is firing a Federal Reserve governor could be consequential for perceptions of ...
The Economy Isn’t the Stock Market (and Vice Versa)
20 Aug 2025
Contributed by Lukas
In this episode, we discuss this year's disconnect between the performance of the U.S. stock market and that of the U.S. economy more broadly. Th...
U.S. Economic Data: Reliability Is Crucial
14 Aug 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the need for more funding and updates at the U.S. Bureau of Labor Statistics to help keep economic data accur...
Downshifting to Neutral: Labor Market Revisions Spark Fears of Slower Growth
07 Aug 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss slower U.S. job growth and likely economic cooling, along with the implications for Fed rate cuts. The d...
U.S. Economy: Investment Momentum Meets Policy Uncertainty
01 Aug 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how the Fed will likely return to neutral policy by 2026, with no major changes or firing of Chair Powell exp...
Long View on the Fed: A Return to Neutral
24 Jul 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how the Fed will likely return to neutral policy by 2026, with no major changes or firing of Chair Powell exp...
The Economic Impact of U.S. Tariffs: Waiting, Watching, and Planning
18 Jul 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how U.S. tariffs are mostly hitting businesses, with smaller effects on consumers so far The discussion an...
PIMCO Perspectives - Holding Steady Amid Whipsawing Markets
17 Jul 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the outlook for the second half of 2025, which remains favorable for strategies emphasizing globaldiversifica...
Balancing Act: Building Resilient Portfolios in a Changing Landscape
01 Jul 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how systematic equity strategies and disciplined diversification can help multi-asset portfolios thrive in un...
Bend, Not Break: Investing in Real Estate Amid Economic Uncertainty
27 Jun 2025
Contributed by Lukas
In this episode of PIMCO Pod, we explore why today’s uncertain environment means real estate investors may want to prioritize durable income—andst...
Developed Market Public Debt: A Long Road Ahead
25 Jun 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss public debt in developed countries and what it means for investors. The discussion and content provided wi...
U.S. Policy Watch: From Trade to Taxes
20 Jun 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how U.S. policymakers' focus is shifting from trade issues toward tax and spending plans, affecting the econo...
PIMCO Secular Outlook - The Fragmentation Era
10 Jun 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how with the world order in flux, investors can look to fortify portfolios by diversifying across global mark...
Japan: Rates and Risks Back on the Global Stage
06 Jun 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the factors driving recent volatility in Japan’s government bond markets. The discussion and content provi...
The U.S. Current Account: Trade and Fiscal Deficits Are Closely Linked
29 May 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how the U.S. trade deficit is linked to its fiscal deficit, and how lessons from history suggest it could be ...
Moody’s Downgrade Underscores Tensions Over U.S. Debt Outlook
21 May 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how the recent Moody’s downgrade underscores tension over the U.S. debt outlook. The discussion and conten...
How Does the Data Make You Feel?
16 May 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how emotions play a crucial role in investment decision-making by signaling risks, and why managing - not ign...
The Fed Is in a ‘Good Place’ – But for How Long?
13 May 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how Fed officials are remaining patient, likely awaiting hard evidence of a weaker U.S. labor market before c...
A Tariff Winter Is Coming?
01 May 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how higher tariffs are likely to cause economic disruptions, affect consumer and business activity, and poten...
Challenges to Fed Independence
24 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the outlook for Federal Reserve independence amid pressure from the Trump administration. The discussion and...
How Effectively Can the U.S. Economy Untether From China?
17 Apr 2025
Contributed by Lukas
We discuss the challenges and implications of the U.S. economy's efforts to reduce reliance on China amid evolving trade policies and tariffs. The di...
PIMCO Perspectives - Trade Wars and the U.S. Dollar
17 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how rapid U.S. policy changes pose challenges for investors accustomed to a global financial system anchored ...
Overall U.S. Tariff Level Still High Despite Exemptions
17 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how U.S. tariffs remain high despite recent exemptions for certain products, as the Trump administration rema...
Navigating Global Market Turbulence
14 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, Group CIO Dan Ivascyn and Esteban Burbano, fixed income strategist, discuss the impact of U.S. tariffs on global markets...
The U.S. Economy’s Trajectory Amid Higher Tariffs
11 Apr 2025
Contributed by Lukas
We discuss the economic effects of the Trump administration's aggressive tariffs, which could lead to U.S. stagflation and global contraction while co...
President Trump Blinks for Now, But Tariffs Remain High
11 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the significant implications for U.S. and global growth and inflation. The discussion and content provided...
Tariff Turbulence: What to Watch, Including Possible Constraints
08 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the Trump administration’s commitment to tariffs as a long-term strategy to rebalance trade policy. The ...
PIMCO Cyclical Outlook - Seeking Stability
01 Apr 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss a time of sweeping geopolitical change and clear challenges for riskier assets, where bond markets offer a so...
Trade Policy and the U.S. Economy in 2025
28 Mar 2025
Contributed by Lukas
In this episode of PIMCO Pod, we look at the impact of the Trump administration's trade policy, especially tariffs, and how this could affect U.S. eco...
The Challenges of Currency Intervention
21 Mar 2025
Contributed by Lukas
In this episode of PIMCO Pod, we explore the challenges facing possible U.S. efforts to intervene in currency markets. The discussion and content...
Vegetables vs. Dessert Under Trump 2.0: Assessing the Economic Impact of Policy Decisions
13 Mar 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how the outlook for modest fiscal reforms and increased defense spending are unlikely to significantly boost ...
Hope and Hype on German and EU Fiscal Reforms
05 Mar 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how the outlook for modest fiscal reforms and increased defense spending are unlikely to significantly boost ...
Reciprocal Tariffs: The Trump Administration’s New Trade Strategy
21 Feb 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the Trump administration's plan to scrutinize foreign trading practices and potentially impose reciprocal tar...
PIMCO Perspectives - Where to Look When Equities Are Priced for Exceptionalism
21 Feb 2025
Contributed by Lukas
We discuss how lofty U.S. stock valuations call for a renewed focus on risk assessment and portfolio diversification. The discussion and content provi...
U.S. Labor Market Faces Tighter Immigration Policy
14 Feb 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the potential slowdowns in the U.S. labor market and economic growth due to tightened immigration policies, d...
The Tariff Tug-of-War: Balancing Economic Growth and Trade Relations
12 Feb 2025
Contributed by Lukas
In this episode of PIMCO Pod, we explore the delicate balance between protectionism and global cooperation. The discussion and content provided wit...
What U.S. Tariff Announcements Could Mean for the Economy
08 Feb 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the potential economic implications of recent U.S. tariff announcements under the Trump administration. Th...
The Behavioral Lens: Best Practices for Decision-Making Under Uncertainty
30 Jan 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss behavioral insights to help enhance investors' decision-making processes. The discussion and content provi...
The 5 D’s of Trump’s Second Administration: Key Economic Themes
23 Jan 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss the high-level outlook for U.S. policy in 2025 along with macroeconomic implications. The discussion and c...
PIMCO Cyclical Outlook - Uncertainty Is Certain
14 Jan 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how amid an unsettled global economic outlook and elevated equity valuations, bond markets present attractive...
Tariffs, the Dollar, and the Fed: Crucial Decisions in 2025
10 Jan 2025
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how Federal Reserve policy decisions and related currency moves are crucial to the impact and effectiveness o...
Will We See Bold Policy Choices in the U.S.?
19 Dec 2024
Contributed by Lukas
In this episode of PIMCO Pod, we explore President-elect Donald Trump's possible policies and how they could affect U.S. stock markets and the economy...
From Cash to Bonds: A Strategic Shift in Post-Pandemic Investing
18 Dec 2024
Contributed by Lukas
In this episode of PIMCO Pod, we discuss how, as cash yields dwindle, the case for fixed income becomes increasingly compelling. The discussion and c...