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The Tell
Investors should position for a new global order with high-quality bonds that pay, according to Pimco
Published: June 10, 2025 at 1:53 p.m. ET
Stocks haven’t looked this expensive relative to bonds since the end of the Clinton administration ago nearly 25 years ago.
Yet bonds also look better than they have for a long time. That’s a key takeaway of a new report from bond giant Pimco, which argues that investors should be positioned in high-quality bonds as the reordering of global trade and alliances in President Trump’s second term looks likely to stick around.
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