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Pimco Chief Dan Ivascyn Says Fed Will Hike Despite Trump Criticism

TedTed
in The Bullpen
FYI: Dan Ivascyn, the group chief investment officer at bond giant Pacific Investment Management Co, on Tuesday called the high-yield bond market “one of our least favorite sectors” against the backdrop of a likely interest-rate increase by the U.S. Federal Reserve in December despite President Donald Trump’s criticism.
Regards,
Ted
https://www.reuters.com/article/funds-pimco/pimco-chief-dan-ivascyn-says-fed-will-hike-despite-trump-criticism-idUSL2N1XA105
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