PIMCO bearish on dollar, Treasuries as US safe-haven status wavers By Reuters
Written by Emily J. Thompson, Senior Investment Analyst
Source: Investing.com
Impact of U.S. Trade Policy: PIMCO suggests that U.S. protectionist trade policies under President Trump are prompting investors to reconsider their reliance on the U.S. dollar and Treasury bonds, as recent market volatility indicates a potential shift towards foreign bond markets.
Changing Global Investment Landscape: The firm warns that diminishing capital flows into U.S. assets could lead to a more multipolar financial world, challenging the long-standing dominance of the U.S. dollar as the global reserve currency and creating uncertainty for global investors.
Analyst Views on PCQ
Wall Street analysts forecast PCQ stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for PCQ is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About PCQ
PIMCO California Municipal Income Fund (the Fund) is a diversified, closed-end management investment company. The Fund's investment objective is to provide current income exempt from federal and California income tax. Under normal circumstances, the Fund will invest at least 90% of its net assets in municipal bonds which pay interest that is exempt from regular federal and California income taxes. The Fund may invest up to 20% of its total assets in investments the interest from which is subject to the federal alternative minimum tax. The Fund may invest up to 20% of its net assets in municipal bonds that are, at the time of investment, rated Ba/BB or B by Moody's Investors Service, Inc., S&P Global Ratings or Fitch, Inc. or lower or that are unrated but judged to be of comparable quality by Pacific Investment Management Company LLC (PIMCO). The Fund portfolio allocations include ad valorem property tax, sales tax revenue and general fund. The Fund's investment manager is PIMCO.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
