Several big Pimco funds controlled by Ivascyn have reportedly been trimming their bond market positions in the U.K. and Europe.
Dan Ivascyn, chief investment officer of Pimco group, reportedly said that while he remains confident bond yields will remain relatively low over the coming months, the power of the market rally over the summer had shifted the balance of risks.
on Tuesday, citing fears that a breakthrough in U.S.-China trade talks could spark a dramatic market sell-off.group, reportedly said that while he remains confident bond yields will remain relatively low over the coming months, the power of the market rally over the summer had shifted the balance of risks.
Several big Pimco funds controlled by Ivascyn, including Pimco Income Fund, have been trimming their bond market positions in the U.K. and Europe, the report said. They have also pared their respective positions in the U.S., but to a lesser extent.
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