Pimco says intermediate U.S. Treasurys attractive

0504 GMT - Pimco continues to view intermediate-term U.S. Treasurys--five- to seven-year maturities--as attractive and is taking a more favorable view of longer-term bonds as their yields rise, economist Tiffany Wilding and global fixed income CIO Andrew Balls say. Pimco identifies the U.S. and France as the two countries with the most challenging debt trajectories, anticipating that fiscal concerns will continue to trigger bouts of volatility in global bond markets, they say. Regarding U.S. monetary policy, Pimco expects the Federal Reserve to maintain its general policy framework and 2% inflation target, although changes in communication could drive volatility in short-term rates. (emese.bartha@wsj.com) (END) Dow Jones Newswires October 09, 2026 01:04 ET (05:04 GMT) Copyright (c) 2026 Dow Jones & Company, Inc. The statements in this document shall not be considered as an objective or independent explanation of the matters. Please note that this document (a) has not been prepared in accordance with legal requirements designed to promote the independence of investment research, and (b) is not subject to any prohibition on dealing ahead of the dissemination or publication of investment research.