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PIMCO June Update | A Strong Recovery And A Swap Opportunity
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PIMCO June Update | A Strong Recovery And A Swap Opportunity

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Yield Hunting
Jul 27, 2021
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PIMCO June Update | A Strong Recovery And A Swap Opportunity
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Summary

  • Fundamentals improved very strongly for PDI and PCI especially with coverage previously looking very weak to now very healthy.

  • The main drivers of that improvement was the flattening of the yield curve along with the US dollar appreciating significantly vs. the euro and pound.

  • PDOs valuation has gone up significantly in the last two months while at…

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