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Pimco Sees Swelling Deficit Dragging Bonds ‘Back to the Future’

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Feb. 29, 2024, 10:04 p.m. | Michael Mackenzie

Bloomberg Technology bloomberg.com

Pacific Investment Management Co. is warning that US fiscal profligacy threatens to drag the Treasury market back to 1980s, a time when bond vigilantes demanded far higher compensation to own longer-dated bonds.

back compensation far future higher investment management market own pacific sees treasury warning

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