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Pacific Investment Management Co. is running larger than usual bets on UK government bonds relative to those from the US, on the expectation that the UK economy will deteriorate.
Daniel Ivascyn, Pimco’s chief investment officer, told the Financial Timesthere are more hard landing risks in the UK, with consumers feeling the brunt of higher interest rates more than their US counterparts.
Harry Miller is a writer and editor based in Toronto who has Ten years of experience in the journalism industry. Before coming to Canada News Media as a National Online Journalist, Miller worked as a senior writer and a reporter-editor with the Canadian Press and a breaking news reporter with the Toronto Star. Miller currently holds two bachelor’s degrees, one in journalism from Ryerson University and another in communications and film studies from Carleton University.
