Pimco Expects Elevated Term Premium, Says Bonds Attractive

The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields, according to Pacific Investment Management Co. The extra compensation investors demand to hold long-dated government bonds is likely to remain elevated barring an unexpected economic downturn, presenting opportunities to buy at higher yields, according to Pacific Investment Management Co.