Resist the pressure to "sell off US assets", Pimco wins by betting on US bonds.
In the past few weeks, including Sundays, a group led by PIMCO's Chief Investment Officer Daniel Ivascyn has been working day and night: collecting intelligence, contacting clients, and discussing strategies to deal with the surging yields. After experiencing a period of less than ideal returns, this can be considered a critical moment of decision-making. In the end, PIMCO not only retained its holdings of US treasuries, but also increased its positions during the sell-off period, while also increasing its positions in mortgage-backed securities. This move propelled the company to the forefront of US fixed income fund management companies this year.
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