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Pimco flickers back to life

Bonds Are Really Back And Really Elegant, Lavish, Likeable Assets

After the worst year in at least a century, a lot of people seem to like bonds again. That’s helping restore some lustre to the world’s biggest fixed income manager (if you exclude central banks, naturally).

With the latest US CPI print confirming that inflationary pressures are subsiding, both two and 10-year US Treasuries are offering positive real yields for the first time in a while.

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