The bestselling investing classic-updated with the information and insights you need to profit in today's $110 trillion global bond market
The Strategic Bond Investor provides an active yet risk-conscious approach to maximize investing returns in the world's largest financial market. This updated edition addresses all the new and emerging issues you'll face today. A top executive at PIMCO and a member of the firm's elite Investment Committee, Anthony Crescenzi covers:
How central banks have influenced the bond market since the 2008 financial crisis and in the 2020 crisis-and the role they're likely to play in the decade to come
The peak of $17 trillion of negative yielding bonds, including its causes, how to navigate this challenging condition, and the chilling question: Can negative yields happen in the U.S.?
The causes of today's low interest rates and why they are likely to stay low into the 2030s
ESG investing and its broad implications for the financial markets
Keynesian Endpoint, a topic that describes a situation of nations that can't borrow in the fixed income market-and the tools and monetary and fiscal policies to deal with it
The role of interest rates and central banks in today's populist era
Crescenzi draws on his personal conversations with Alan Greenspan, Ben Bernanke, Janet Yellen, and other top figures, and provides a unique inside look at bond investing drawn from his experience in PIMCO's esteemed investment process, along with numerous types of investment strategies to meet various investing goals. All data have been fully updated to accurately reflect the context of today's climate, including the market turmoil and policy response to the 2020 coronavirus crisis.
With tens of millions of Baby Boomers poised to make history's largest transfer of wealth to their heirs, a reassessment of the bond market-the largest segment of the financial market and a relatively stable one-is in order. This new edition of The Strategic Bond Investor is exactly what you need to generate profits while minimizing risk in this new world of investing.
