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Pimco’s Seidner Says Angst Over Fed Credibility is Unwarranted
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Most Read from BloombergMarc Seidner, chief investment officer of non-traditional strategies at the firm, expects the Fed to leave interest rates unchanged this year, despite markets pricing a 50% chance of a quarter-point hike at its next meeting.
Seidner says investors should look past the noise around whether the Fed will hike interest rates or not, focusing instead on the "astounding" opportunity in fixed income.
"There will be a period in the next few years where interest rates will have to come down," he said, adding that current absolute yield levels are attractive.
"I'm sleeping quite well these days because I can structure a high quality, intermediate duration, high yielding, fixed income portfolio."
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