The revisions to the consumer price index last year were large enough to cast doubt on overall inflation progress.
"Finance-based capitalism depends on a positive yield curve," the Pimco co-founder said.
The “danger of moving too soon is that the job's not quite done," he said on CBS's 60 Minutes.
Investors who hold these bonds gain outsize profits if a contractually pre-defined catastrophe doesn't occur.
Policymakers have kept rates unchanged since July as inflation has steadily come down.
Skittish investors have been lured back to the market to get higher yields ahead of interest rate cuts.
The Thornburg Core Plus Bond Fund will have the ability to hold securities and bonds that are below investment grade.
Companies are scrambling to meet the demand for fixed-income fund solutions.
The bond investor said the Fed's ‘higher-for-longer' strategy posed a negative risk to future growth.
The Fed chairman forcefully pushed back on hopes of a rate cut in March.
Companies are rushing to take advantage of the booming leveraged loan market.
The asset manager has been one of the loudest prophets of doom on private credit.
The Federal Reserve's moves could goose gold prices forward.
Bond yields tend to fall around the time of Federal Reserve meetings.
He reiterated his call for the Federal Reserve to wait to cut its target rate until June or July.
The new data caps a year that saw inflation retreat at a much faster rate than the Fed anticipated.
He predicted the Fed will start cutting rates in May or June.
The average for a 30-year, fixed loan was 6.69%.
The Federal Reserve could begin easing by March, he said.
The central bank should lower interest rates over the next six to 12 months, he said.
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