Investment gurus at bond-fund giant Pacific Investment Management Company, or Pimco, warn that the path to global economic recovery in 2021 is fraught with risks.
The next 12-18 months aren’t “a time for excessive optimism,” the firm’s global economic adviser and CIO of global fixed income warned in a Tuesday note. Though easy fiscal and monetary policies have helped lift prices for stocks and corporate bonds, the boost already has been digested…
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