PIMCO calls US inflation higher

PIMCO, one of the world’s leading bond fund managers, has suggested investors begin to think about protecting themselves from a sharp rise in inflation by buying inflation linked bonds. ILBs are bonds where the capital amount is adjusted quarterly for inflation. Mihir Worah, of PIMCO, said in a research note last week that many investors are still thinking about deflation and perhaps haven’t factored in a possible inflation spike. The...

read full story