Investors are still not sure if the economy is on course for a soft landing.
investors have divergent views on how quickly the Fed will lower rates.
Money-market funds are thriving even as the Fed prepares to ease interest rates.
The firm is cooperating with government investigations focused on possible cherry-picking.
Traders lowered the odds of a half-point cut at the next Fed meeting.
Market turbulence has made bonds the best bet as a defensive play, says Pimco's CIO.
Market pricing indicates an increased chance of a cut before the Fed's next scheduled announcement.
The 10-year note's yield fell below 4% for the first time since February.
Investors are fully pricing in at least two quarter-point rate reductions this year.
The firm says more capital is chasing too few opportunities, and that curbs returns.