Dan Ivascyn Is Excited About a New Era in Fixed Income

In this episode of the Odd Lots podcast, hosts Joe Weisenthal and Tracy Alloway interview Dan Ivascyn, CIO of PIMCO, to discuss the current state of the market and the outlook for 2026. They delve into the Federal Reserve's potential rate cuts, the possibility of economic reacceleration, and the implications of a less independent Fed. The conversation covers the role of bonds in a diversified portfolio, the attractiveness of global bond investing, and the complexities of private credit, including the underwriting of AI infrastructure and the importance of fundamental credit work. Ivascyn shares insights on housing market dynamics, the optimal level of fiscal profligacy, and the increasing importance of political dynamics in economic outcomes, as well as PIMCO's use of AI in security selection.