President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war. Bloomberg's Stuart Livingstone-Wallace has the latest. (Source: Bloomberg)
President Donald Trump said he would pause an effort to help stranded ships exit the Strait of Hormuz to see if the US can reach an agreement with Iran to end the war. Bloomberg's Stuart Livingstone-Wallace has the latest. (Source: Bloomberg)
Bayern Munich's attack of Harry Kane, Luis Diaz and Michael Olise has hit 100 goals this season. With the second leg of the Champions League semi-final with PSG coming up, BBC Sport compares the two front threes.
Bayern Munich's attack of Harry Kane, Luis Diaz and Michael Olise has hit 100 goals this season. With the second leg of the Champions League semi-final with PSG coming up, BBC Sport compares the two front threes.
Pakistan is urgently looking to purchase liquefied natural gas from the spot market for delivery in May, as the country faces hot weather that threatens to stretch the grid and worsen a shortage of the power plant fuel. State-owned Pakistan LNG Ltd. is seeking shipments for May 12 to 14 and May 24 to 26 delivery in a tender that closes on Thursday, according to a notice on its website. Pakistan wa...
Pakistan is urgently looking to purchase liquefied natural gas from the spot market for delivery in May, as the country faces hot weather that threatens to stretch the grid and worsen a shortage of the power plant fuel. State-owned Pakistan LNG Ltd. is seeking shipments for May 12 to 14 and May 24 to 26 delivery in a tender that closes on Thursday, according to a notice on its website. Pakistan was forced to purchase a spot cargo for the first time in more than two years last month as the war in Iran chokes supply from the Persian Gulf, which normally produces about a fifth of the world’s LNG. Read More: Pakistan Faces Extensive Blackouts as Gas Shortfall Worsens Pakistan procured nearly all of its LNG from Qatar last year, and those supplies have been cut since the US and Israel began strikes on Iran in late-February. Meanwhile, higher-than-normal temperatures are sweeping across the nation, boosting electricity needs from air conditioning and exacerbating rolling blackouts because of reduced output from gas-fired power plants.
Bloom Productions/DigitalVision via Getty Images Daniel J. Ivascyn: In today's environment, where mortgage-related investments offer significant absolute return and relative return versus other credit alternatives, we think there's a place for this type of risk across a variety of portfolios, high quality opportunities that are going to be resilient even during periods of economic stress, as well ...
Bloom Productions/DigitalVision via Getty Images Daniel J. Ivascyn: In today's environment, where mortgage-related investments offer significant absolute return and relative return versus other credit alternatives, we think there's a place for this type of risk across a variety of portfolios, high quality opportunities that are going to be resilient even during periods of economic stress, as well as alternative strategies or higher-return strategies where you can take a bit more risk. Narrator: The $14T U.S. residential mortgage market is the cornerstone of the fast-growing, $20T asset-based finance universe. Asset-based investments, including those backed by mortgages, student loans, and other forms of consumer lending, provide crucial funding across the economy and can offer investors resilient returns and diversification to traditional forms of private credit. Jason Steiner: If you don't have a good grasp on the housing market being that the house is typically the largest asset that most consumers have on their balance sheet, and you don't have a good grasp on the mortgage market, which is obviously the largest liability that many borrowers have on their balance sheet, you can't invest in the mortgage market; you can't invest in consumer credit. Daniel J. Ivascyn: If you know that a household has tremendous equity in their home, you're willing to give them a consumer loan; you're willing to give them a parent cosign student loans. When you're focusing on mortgages, when you underwrite that risk well, then there's a lot of strongly related investments that offer good yield and diversification opportunities for investors as well. Narrator: PIMCO is one of the world’s largest investors in the mortgage market, first investing in residential mortgage-backed securities in 1975 and now managing over $300 billion in RMBS AUM. Also a leading investor in private residential loans and sponsor or participant in over 200 securitizations, PIMCO is a trusted partner to mortgage...