Welcome to PIMCO Pod, where you can listen to readings of PIMCO’s key thought leadership – from our latest economic outlook to the best ideas from our global investment team. Dive into a world of deep expertise across public and private markets and get insights to help you gain an edge in an ever-changing world.
Listen in the Podli app 🎧
Follow your favourite podcasts, listen offline and in the car with CarPlay and Android Auto, and always pick up where you left off. Free to try.
Sep 28, 2026 · 7:10
In this episode, we discuss how Despite a sharp rise in AI-related borrowing, signs of broad corporate credit market disruption remain limited. The discussion and content…
Sep 25, 2026 · 13:17
In this episode, we discuss why the Fed is placing greater emphasis on financial conditions than the neutral interest rate (r), and what that means for the outlook for U.S.…
Sep 21, 2026 · 9:59
In this episode, we discuss AI capital spending may be contributing to higher real rates, but there is little evidence that it’s due to AI bond issuance crowding out…
Sep 18, 2026 · 9:29
In this episode, we discuss why the Fed’s September rate hike may signal a firmer push to bring inflation back to its 2% target. The discussion and content provided within this…
Sep 14, 2026 · 10:38
In this episode, we discuss how For equity investors, the question is relatively simple: Who wins the AI race? For credit investors, it is more nuanced: Do spreads adequately…
Sep 10, 2026 · 11:13
In this episode, we discuss how AI’s investment boom resembles the dot-com era, while highlighting key differences that could shape investor risks and opportunities. The…
Sep 8, 2026 · 15:46
In this episode, we discuss how With resilience concentrated among wealthier households, investors should prioritize quality and structure across consumer-linked ABF…
Sep 4, 2026 · 9:43
In this episode, we discuss how With resilience concentrated among wealthier households, investors should prioritize quality and structure across consumer-linked ABF…
Sep 3, 2026 · 11:57
In this episode, we discuss why the Fed may consider tightening policy even though labor costs don’t appear to be driving inflation. The discussion and content provided within…
Sep 1, 2026 · 5:33
In this episode, we discuss how Most U.S. investment grade and high yield borrowers appear positioned to withstand refinancing costs, but CCC rated issuers face greater pressure…
Aug 28, 2026 · 15:21
In this episode, we discuss how Treasury buybacks may support market liquidity while preserving a regular and predictable debt strategy. The discussion and content provided…
Aug 26, 2026 · 8:44
In this episode, we discuss how A confluence of rising sovereign debt, surging AI-related corporate bond issuance, and inflation concerns has lifted the 30-year yields in the…
Aug 24, 2026 · 8:03
In this episode, we discuss how Direct lending defaults are harder to observe than public market defaults, but analysis suggests financial distress has risen markedly since…
Aug 20, 2026 · 12:41
In this episode, we discuss why shifting labor market dynamics are keeping U.S. wage growth subdued despite falling unemployment. The discussion and content provided within…
Aug 17, 2026 · 5:32
In this episode, we discuss how BDC equities continue to trade at significant discounts to NAV, reflecting skepticism toward reported marks, a concern reinforced by valuation…
Aug 14, 2026 · 10:46
In this episode, we discuss how rising retirements and weaker labor supply are easing labor costs and complicating the Fed’s read on the U.S. labor market. The discussion and…
Aug 11, 2026 · 7:09
In this episode, we discuss how As AI-related issuance reshapes bond markets, differences in U.S. dollar and euro performance offer new insights into the roles of supply and…
Aug 6, 2026 · 13:31
In this episode, We discuss why underlying U.S. inflation appears contained despite elevated core PCE readings, and what that may mean for Fed policy. The discussion and…
Aug 3, 2026 · 7:18
In this episode, we discuss how Foreign demand for U.S. assets – especially credit – remains resilient amid broader macro and market uncertainties. The discussion and content…
Jul 30, 2026 · 10:46
In this episode, we discuss why the Fed held rates steady in July and what lingering inflation risks could mean for future policy. The discussion and content provided within…
Jul 29, 2026 · 14:32
In this episode, we discuss how geopolitical tensions and disrupted shipping routes are intensifying energy market risks and weighing on the global economy. The discussion and…
Jul 27, 2026 · 8:52
In this episode, we discuss how Leverage and complexity are gaining ground in today’s late-cycle markets, signaling caution – not crisis – and underscoring the value of…
Jul 23, 2026 · 11:46
In this episode, we discuss how markets seem to be getting more sophisticated in distinguishing between different types of inflation – supply-driven or demand-driven – and they…
Jul 21, 2026 · 6:09
In this episode, we discuss how Cheap U.S. Treasury valuations may explain part of the optics behind today’s tight credit spreads, but fundamental and technical factors remain…
Jul 20, 2026 · 9:52
In this episode, we discuss how In the Warsh Fed's new era of two-way risk, bonds offer something rare: potential downside risk mitigation that investors get paid to hold. The…
Jul 16, 2026 · 13:49
In this episode, we discuss how commercial real estate is moving into a new phase, where AI, shifting space needs, and higher-for-longer rates are reshaping investment…
Jul 15, 2026 · 13:40
In this episode, we discuss how recent Fed comments and inflation data could shape the outlook for rates and bond markets through year-end. The discussion and content provided…
Jul 13, 2026 · 5:43
In this episode, we discuss how higher earnings forecasts across corporate credit have raised the bar for second-quarter reporting, while AI hyperscaler capital spending is…
Jul 6, 2026 · 9:00
In this episode, we discuss how higher rates, weaker underwriting, and software concentration are exposing vulnerabilities in direct lending and leveraged loans, while high yield…
Jul 1, 2026 · 10:22
In this episode, we discuss whether AI could lower – not raise – neutral interest rates over time, and what that means for monetary policy, bond markets, and the economic…
Jun 29, 2026 · 9:59
In this episode, we discuss how a widening confidence gap in non-traded investment vehicles is testing private credit valuations, sharpening the case for manager selection and…
Jun 25, 2026 · 13:48
In this episode, we discuss the potential market impact of a less communicative Federal Reserve amid broader macro uncertainties The discussion and content provided within this…
Jun 25, 2026 · 10:11
In this episode, we discuss how in a world of high starting yields and rupturing economic alliances, investors who actively diversify across regions, sectors, and currencies can…
Jun 22, 2026 · 6:03
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 portfolios in 2026. The…
Jun 19, 2026 · 10:46
In this episode, we discuss the Fed holding rates while signaling a more hawkish outlook and possible policy changes under Chair Warsh. The discussion and content provided…
Jun 15, 2026 · 10:20
In this episode, we discuss A rigorous framework anchored in asset-based finance helps define the actual scale and scope of the opportunity.The discussion and content provided…
Jun 10, 2026 · 27:44
In this episode, we discuss how a global economic outlook for fractured alliances, fiscal strain, and massive-scale AI investment could drive divergent possibilities – and reward…
Jun 8, 2026 · 8:17
In this episode, we discuss how behind the recent rally in energy credit lies a multi-year story of management discipline, restrained capital spending, and sector…
Jun 4, 2026 · 11:29
In this episode, we discuss how weakening real incomes, low savings, and rising uncertainty could quietly undermine U.S. consumption and economic resilience despite strong…
Jun 3, 2026 · 7:48
In this episode, we discussed how structural pressures from the AI buildout are real, but they are growing slowly, not driving the yield moves investors are watching right now.…
May 29, 2026 · 13:01
In this episode, we discuss how overlapping supply shocks and AI-driven demand are clouding inflation signals, complicating Fed policy and widening uncertainty around future rate…
May 26, 2026 · 9:36
In this episode, we discussed that with spreads tight and dispersion rising, the tools investors use to judge performance matter more than ever.The discussion and content…
May 22, 2026 · 15:53
In this episode, we discuss today’s AI financing wave looks more disciplined than past infrastructure investment booms, yet it still demands selectivity. The discussion and…
May 21, 2026 · 14:25
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 labor share of income and…
May 19, 2026 · 9:41
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 provided within this podcast is…
May 12, 2026 · 11:28
In this episode, we discuss how marking asset prices more frequently won’t fix transparency and accuracy issues in private credit, which still lacks a market-based method of…
May 7, 2026 · 15:07
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 rising tech and energy costs.…
May 5, 2026 · 6:27
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 discussion and content provided…
May 1, 2026 · 9:12
In this episode, we discuss the Federal Reserve’s decision to hold rates steady amid heightened uncertainty and competing economic risks. The discussion and content provided…
Apr 27, 2026 · 7:22
In this episode, we discuss how equity and credit investors are reassessing BDC valuations differently – and why high yield defaults continue to play out primarily through…
Apr 24, 2026 · 8:16
In this episode, we discuss strategies to strengthen and diversify portfolios need to adapt to a world where geopolitical risk is a feature rather than a bug. The discussion and…
Apr 22, 2026 · 8:43
In this episode, we discuss how persistent energy price pressures and less‑than‑expected tax relief are intensifying financial stress for U.S. households and reinforcing K‑shaped…
Apr 20, 2026 · 6:33
In this episode, we discuss how, the software sector remains challenged by pressured valuations, uncertain recoveries, and less reliable sponsor support. The discussion and…
Apr 16, 2026 · 11:33
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 discussion and content…
Apr 13, 2026 · 7:02
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 discussion and content provided…
Apr 9, 2026 · 10:18
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 productivity -- and perhaps…
Apr 3, 2026 · 10:52
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 discussion and content…
Mar 30, 2026 · 12:32
In this episode, we discuss how, Amid geopolitical uncertainty, dispersion across credit markets – rather than a broad risk off move – has become the dominant investment signal.…
Mar 27, 2026 · 19:08
In this episode, we discuss how in a world of intensified uncertainty and dispersion, investing becomes less about forecasting and more about favoring more liquid, high quality…
Mar 24, 2026 · 9:11
In this episode, we discuss the efforts to make private credit tradable face obstacles and risk undermining one of the main reasons – earning an illiquidity premium – that…
Mar 20, 2026 · 8:35
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 content provided within this…
Mar 17, 2026 · 14:05
In this episode, we discuss why the direct lending sector is under scrutiny and highlight how the broader private credit universe, spanning asset based finance, consumer and…
Mar 12, 2026 · 10:58
In this episode, we discuss how the Middle East conflict could drive a global energy supply shock that heightens inflation risks, pressures growth, and complicates central bank…
Mar 5, 2026 · 10:29
In this episode, we discuss two seemingly opposite behavioral biases and what they mean for investors. The discussion and content provided within this podcast is intended for…
Feb 26, 2026 · 11:45
In this episode, we discuss the economic and policy implications of the recent U.S. Supreme Court ruling on tariffs. The discussion and content provided within this podcast is…
Feb 19, 2026 · 12:19
In this episode, we discuss how the rapid adoption of AI is shaping U.S. productivity, investment, and labor markets, creating both economic opportunities and emerging risks. The…
Feb 12, 2026 · 7:54
In this episode, we discuss the outlook for U.S. housing prices. The discussion and content provided within this podcast is intended for informational purposes only and may not…
Feb 9, 2026 · 8:55
In this episode, we discuss why surprise, rather than stability, may be the defining feature of 2026 as policy volatility reshapes markets and investment opportunities, The…
Feb 5, 2026 · 12:31
In this episode, We discuss recent U.S. policy developments, including the Warsh Fed nomination and surprising Democratic gains in Texas special elections. The discussion and…
Feb 3, 2026 · 6:48
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 communications policy. The…
Jan 29, 2026 · 8:16
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 economic data. The…
Jan 23, 2026 · 10:11
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 companies instead of labor.…
Jan 13, 2026 · 24:46
In this episode, We discuss how, following strong 2025 returns, high quality fixed income continues to offer attractive yields and global diversification at a time of stretched…
Dec 10, 2025 · 7:46
In this episode, Anastasia Buyalskaya, an advisor to PIMCO on behavioral science, discusses how understanding others’ beliefs and expectations can help investors anticipate…
Dec 5, 2025 · 11:44
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, and jobs in 2026. The…
Dec 4, 2025 · 17:26
In this episode, we explore opportunities across equities, bonds, credit, and commodities that have the potential to offer investors resilience and diversification. The…
Nov 21, 2025 · 10:19
In this episode, we discuss how the Supreme Court could affect U.S. tariffs. The discussion and content provided within this podcast is intended for informational purposes only…
Nov 13, 2025 · 12:35
In this episode, we discuss the potential macroeconomic impacts of AI, and how its incredible possibilities balanced against its risks, costs, and current valuations suggest that…
Nov 13, 2025 · 8:32
In this episode, we discuss how investors have poured into gold – but they may also see compelling benefits from a broad-based commodity allocation. The discussion and content…
Nov 7, 2025 · 10:58
In this episode, we discuss how the U.S. government shutdown is obscuring key economic data, prompting the Federal Reserve to potentially delay interest rate cuts due to…
Oct 30, 2025 · 11:00
In this episode, we discuss how China’s growth model is being tested by weakening domestic demand and rising global trade barriers. The discussion and content provided within…
Oct 23, 2025 · 13:10
In this episode, we discuss how recent bankruptcies along with price movements in select markets underscore the widening gap between winners and losers in the U.S. economy. The…
Oct 17, 2025 · 7:54
In this episode, we discuss how underneath the AI-related optimism lifting stock markets are increasing signs that the cost of tariffs is building. The discussion and content…
Oct 9, 2025 · 8:28
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 policy. The discussion and…
Oct 2, 2025 · 19:57
In this episode, we discuss how locking in attractive bond yields can support long-term returns, especially as central banks cut interest rates and tariff effects pose risks to…
Sep 25, 2025 · 10:28
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. The discussion and content…
Sep 19, 2025 · 7:54
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 discussion and content provided…
Sep 18, 2025 · 9:12
In this episode, we discuss how U.S. companies are absorbing tariffs by cutting labor costs and increasing prices modestly. The discussion and content provided within this…
Sep 16, 2025 · 6:06
In this episode, we discuss how mortgage bond reinvestment could be the Federal Reserve’s most effective and immediate tool to unlock the housing market—without even touching…
Sep 12, 2025 · 9:09
In this episode, Anastasia Buyalskaya, an advisor to PIMCO on behavioral science, shares general thoughts on how AI might be used to support investment decision-making, and ways…
Aug 29, 2025 · 9:05
In this episode, we discuss how President Trump's announcement that he is firing a Federal Reserve governor could be consequential for perceptions of Fed independence, though the…
Aug 20, 2025 · 9:33
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. The discussion and content provided…
Aug 14, 2025 · 13:59
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 accurate and trustworthy. The…
Aug 7, 2025 · 8:17
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 discussion and content provided…
Aug 1, 2025 · 9:40
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 expected. The discussion and…
Jul 24, 2025 · 11:37
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 expected. The discussion and…
Jul 18, 2025 · 10:29
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 and content provided within this…
Jul 17, 2025 · 6:47
In this episode of PIMCO Pod, we discuss the outlook for the second half of 2025, which remains favorable for strategies emphasizing globaldiversification and risk mitigation.…
Jul 1, 2025 · 15:00
In this episode of PIMCO Pod, we discuss how systematic equity strategies and disciplined diversification can help multi-asset portfolios thrive in unpredictable markets. The…
Jun 27, 2025 · 22:38
In this episode of PIMCO Pod, we explore why today’s uncertain environment means real estate investors may want to prioritize durable income—andstrategies that can perform even…
Listen in the Podli app 🎧
Follow your favourite podcasts, listen offline and in the car with CarPlay and Android Auto, and always pick up where you left off. Free to try.
Your podcast? Get the Podli badge for your site
