Pimco’s Balls Sees Good Value in Long End of Yield Curve

Andrew Balls, global fixed income CIO at Pimco, says one to two further interest-rate hikes from the Federal Reserve “seems reasonable” as the central bank targets a return to 2% inflation. He also explains why he sees “good value” in the long end of the Treasury yield curve amid uncertainty around artificial intelligence. He speaks on “Bloomberg Surveillance.” (Source: Bloomberg)