The core consumer price index increased 0.4% from December, more than expected and the most in eight months.
The new fund will invest across a range of financing strategies and focus on lending to European businesses.
The $95 billion asset manager is broadly positive about high-grade debt but is selling BBB rated bonds.
Tech megacap investors should diversify into fixed-income opportunities, the firm's chief investment officer said.
The pullback underscores how confident investors are that the Fed has brought inflation back under control.
A new survey showed 21% of economists viewed the Fed's monetary policy as "too restrictive."
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.
Companies are rushing to take advantage of the booming leveraged loan market.
The Fed chairman forcefully pushed back on hopes of a rate cut in March.
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.