Pimco Says Decades-High Bond Yields Offer Attractive Returns, Urges Diversification

Pimco's call is less a rate forecast than an allocation argument: when yields sit at multi-decade highs, the income case rests on duration and credit selection rather than on timing a peak. The emphasis on spreading exposure across developed and emerging markets signals that fiscal risk, not inflation alone, is the concern shaping the house view. For crypto and RWA markets, the relevant read is relative: government bonds now compete harder for the same yield-seeking capital, and whether that pressure on risk assets persists is the open question to watch.