Strategic Bond Investor, Third Edition: Strategic Tools to Unlock the Power of the Bond Market 3rd edition

"The bestselling investing classic-updated with the information and insights you need to profit in today's $110 trillion global bond market The Strategic Bond Investor provides an active yet risk-conscious approach to maximize investing returns in the world's largest financial market. This updated edition addresses all the new and emerging issues you'll face today. A top executive at PIMCO and a member of the firm's elite Investment Committee, Anthony Crescenzi covers: How central banks have influenced the bond market since the 2008 financial crisis and in the 2020 crisis-and the role they're likely to play in the decade to come The peak of $17 trillion of negative yielding bonds, including its causes, how to navigate this challenging condition, and the chilling question: Can negative yields happen in the U.S.? The causes of today's low interest rates and why they are likely to stay low into the 2030s ESG investing and its broad implications for the financial markets Keynesian Endpoint, a topic that describes a situation of nations that can't borrow in the fixed income market-and the tools and monetary and fiscal policies to deal with it The role of interest rates and central banks in today's populist era Crescenzi draws on his personal conversations with Alan Greenspan, Ben Bernanke, Janet Yellen, and other top figures, and provides a unique inside look at bond investing drawn from his experience in PIMCO's esteemed investment process, along with numerous types of investment strategies to meet various investing goals. All data have been fully updated to accurately reflect the context of today's climate, including the market turmoil and policy response to the 2020 coronavirus crisis. With tens of millions of Baby Boomers poised to make history's largest transfer of wealth to their heirs, a reassessment of the bond market-the largest segment of the financial market and a relatively stable one-is in order. This new edition of The Strategic Bond Investor is exactly what you need to generate profits while minimizing risk in this new world of investing"--
The bestselling bond investing classic?updated to help you profit today and position yourself for the post-COVID era and decade aheadSince the 2008 global financial crisis, the investing world has changed radically. Credit is more difficult to access, populations across the world are aging, and economic growth has been tepid. And now, the global pandemic has shaken the global financial system to its core. Investors are facing a future where structural—rather than cyclical—change will have greater impact on financial markets. In this new edition of The Strategic Bond Investor, you’ll find everything you need to generate profits while mitigating risk in the “new normal.” PIMCO Executive Vice President and lead investing strategist Anthony Crescenzi explains how deeply the bond market impacts the global economy, the best ways to invest in bonds, and how to “read” this market to inform your overall strategy. Along the way, Crescenzi provides unique and invaluable insights into the role of the bond market in recent economic crises (both 2008 and 2020), in an era of the rise of socially responsible investing, and at a time when we may well be witnessing a seismic shift in economic and financial power from the United States to China. Crescenzi draws on his vast experience, as well as personal conversations with Alan Greenspan, Ben Bernanke, Janet Yellen, and other influential figures in finance, politics, and academia. He provides a glimpse at PIMCO’s storied investment process, along with numerous types of investment strategies to meet various investing goals. The Strategic Bond Investor has guided investors through the capital markets for nearly two decades. Use this updated edition to achieve investing success in the next decade.