If you re in cash, you risk missing out, bond managers of $2 5 trillion say sunherald.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunherald.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) For investors stashing record sums in cash, US bond managers overseeing a combined $2.5 trillion have a bit of advice: It’s time to put that money to work.Most Read from BloombergCitigroup Cuts Over 300 Senior Manager Roles in Latest RestructuringOpenAI in ‘Intense Discussions’ to Quell Potential MutinyNearly All of OpenAI Staff Threaten to Go to Microsoft If Board Doesn’t QuitThe Doomed Mission Behind Sam Altman’s Shock Ouster From OpenAIMicrosoft Ends Weekend of OpenAI Drama Wit
While it’s hard to abandon cash and “tread back into shark-infested water”, PIMCO’s chief investment officer Dan Ivascyn said it’s time to lock in high rates.