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Skip to main content PIMCO Navigation Menu Select Country My Content Search Log In or Register to Unlock Content My Content CLICK HERE TO NAVIGATE Insights Insights PIMCO Blog Economic and Market Commentary Investment Strategies Viewpoints PIMCO Blog Timely insights on global markets and macroeconomics Blog Updates Experts Experts Video Library Video Library Investment Education Investment Education Our Firm Our Firm Who We Are Contact Us Firm Leadership Media and Press Releases Our Process Purpose at PIMCO Careers Inclusion, Diversity & Culture Women & Investing Pimco Headquarters 650 Newport Center Drive, Newport Beach, CA 92660 Contact Us Global Offices Newport Beach (HQ) Pimco Headquarters Pacific Investment Management Company LLC 650 Newport Center Drive Newport Beach, CA 92660 TEL: 949-720-6000 FAX: 949-720-1376 Shareholder Services TEL: 800-927-4648 6AM - 4PM PST LEI: 549300KGPYQZXGMYYN38 Austin Austin Pacific Investment Management Company LLC 401 Congress Ave, Ste 2200 Austin, TX 78701 TEL: +1 737-990-3000 Bermuda Bermuda Pacific Investment Management Company LLC 26 Reid Street, 7th Floor Hamilton HM 11, Bermuda 26 Reid Street Hamilton HM 11, Bermuda TEL: +1 212-776-1500 FAX: +1 212-776-1520 -- Chicago Chicago Gurtin Municipal Bond Management, a PIMCO Company 444 W. Lake Street, Suite 2333 Chicago, IL 60606 444 W Lake St #2333 TEL: (858) 436-2200 FAX: (858) 436-2201 Hong Kong Hong Kong PIMCO Asia Limited Suite 2201, 22nd Floor Two International Finance Centre, 8 Finance Street, Central TEL: 852-3650-7700 LEI: 549300OKIQPRBE0U2256 London London PIMCO Europe Ltd 11 Baker Street London W1U 3AH, UK PIMCO Europe Ltd, 11 Baker Street, London W1U 3AH, UK TEL: +44 (0) 20 3640 1000 FAX: +44 (0) 20 3640 1007 Shareholder services TEL: +44 (0) 20 3640 1407 9AM to 5PM Registered in UK and Wales, Company No. 2604517 LEI: 549300GHCCJWKY72R127 Milan Milan PIMCO Europe Ltd - Italy Sede legale Corso Matteotti 8 20121 Milano, Italia TEL: +39 02 9475 5400 FAX: +39 02 9475 5402 Iscritta al Registro delle Imprese in Italia al n. 07533910969 LEI: 549300GHCCJWKY72R127 Munich Munich PIMCO Deutschland GmbH Seidlstr. 24-24a, 80335 München, Deutschland TEL: +49 89 26209 6000 FAX: +49 89 26209 6005 Registriert in Deutschland, Firmennr. 192083 Eingetragener Firmensitz LEI: 549300KW6332H0XL8X85 New York New York Pacific Investment Management Company LLC 1633 Broadway, New York, NY 10019 TEL: +1 212-776-1500 FAX: +1 212-776-1520 LEI: 549300KGPYQZXGMYYN38 São Paulo São Paulo Pacific Investment Management Company LLC Av. Brg. Faria Lima, 3477 Itaim Bibi, São Paulo - SP 04538-132 Brazil Av. Brg. Faria Lima, 3477 - Itaim Bibi, São Paulo - SP, 04538-133, Brazil TEL: +55 (11) 3957-3300 FAX: +55 (11) 3957-3320 Singapore Singapore PIMCO Asia Pte. Ltd 8 Marina View, #30-01, Asia Square Tower 1, Singapore 018960 8 Marina View, Singapore 018960 TEL: 65 6491-8000 FAX: 65 6538-2700 Registration No. 199804652K LEI: 549300JX6BNKEHZFQE44 Solana Beach Solana Beach Gurtin Municipal Bond Management, a PIMCO Company 440 Stevens Avenue, Suite 260 Solana Beach, CA 92075 440 Stevens Avenue, Solana Beach TEL: (858) 436-2200 FAX: (858) 436-2201 Sydney Sydney PIMCO Australia Pty. Ltd Level 19, 5 Martin Place, Sydney, New South Wales 2000, Australia 5 Martin Place, Sydney, New South Wales 2000, Australia TEL: 612-9279-1771 FAX: 612-9279-2580 ABN 54 084 280 508 AFS Licence 246862 LEI: 549300RE60KX7TX1DZ43 Taipei Taipei PIMCO Taiwan 40F., No.68, Sec. 5, Zhongxiao E. Rd., Xinyi Dist. Taipei City, 11065 Taiwan (R.O.C.) No. 68, Section 5, Zhongxiao East Road, Xinyi DistrictTaipei City, Taiwan 110 TEL: 886-2-8729-5500 Tokyo Tokyo PIMCO Japan Ltd. Toranomon Towers Office 18F, 4-1-28, Toranomon, Minato-ku Tokyo, Japan 105-0001 105-0001 東京都港区虎ノ門4-1-28 4-1-28, Toranomon, Minato-ku, Tokyo, Japan TEL: 813-5777-8150 FAX: 813-5777-8151 LEI:549300V5J7VWTFWTZY22 Toronto Toronto PIMCO Canada Corp. 199 Bay Street, Suite 2050, Commerce Court Station, P.O. Box 363, Toronto, ON, M5L 1G2 199 Bay Street, Suite 2050, Toronto, Canada TEL: +1 416 368 3350 FAX: +1 416 368 3576 Zurich Zurich PIMCO Europe Ltd Brandschenkestrasse, 41 Zurich, Switzerland 8002 TEL: +41 44 512 49 10 Registered in Switzerland, Company No. CH-020.4.038.582-2 LEI: 549300GHCCJWKY72R127 Log In Register to Unlock Content Saved Content And Share Content My Content You have not saved any content. Explore our site now and save your favorite products, insights, and/or documents. Delete Delete Share Share Manage Subscriptions Back To Saved Content Your Email Address Recipient Email Address Optional Message Send Email You are sharing 0 items : My Account Manage Subscriptions locked Home > Home Home Previous Next Market Volatility Here we offer some practical guidance for investors on what they should consider during periods of heightened market volatility. Visit Now Blog The Long Climb While a near-term mechanical bounce in economic activity in response to the lifting or easing of lockdown measures looks likely, we expect the subsequent climb up to be long and arduous. Read More By Joachim Fels June 2020 ⏸ | Cyclical Outlook From Hurting to Healing Our baseline economic forecast is a U-shaped global recovery, but substantial unknowns remain. Read More > View From the Investment Committee: On Path to Recovery, Patience is Key WATCH NOW > Featured Insights See All Featured Insights Viewpoints The Global Credit Outlook: Finding Opportunities in Public and Private Credit Amid an Uncertain Recovery While valuations have risen from their March lows, dislocation has created compelling opportunities in both the public and private credit markets. Mark R. Kiesel , Jamie Weinstein June 2020 Blog -- The Long Climb While a near-term mechanical bounce in economic activity in response to the lifting or easing of lockdown measures looks likely, we expect the subsequent climb up to be long and arduous. Joachim Fels June 2020 Viewpoints -- Reassessing Short‑Term Strategies Amid Market Recalibration: Liquidity, Libor, and the Fed After the sharp sell-off in March, we see emerging opportunities for savers and short-term investors. Jerome M. Schneider May 2020 Viewpoints -- A Phased Market Recovery as Liquidity and Fundamentals Return The COVID-19 pandemic pummeled financial markets, but liquidity and fundamentals are coming back. Marc P. Seidner , Tiffany Wilding April 2020 Blog -- Looking Beyond Market Stabilization to the Future Path of Monetary Policy Over the next several quarters, monetary conditions will likely be set not only by Fed balance sheet policies, but also by the expected path of interest rates. Tiffany Wilding April 2020 Cyclical outlook -- Looking Beyond the Many Recessions Major economies are contracting, but extraordinary policy responses could limit severe recessions to this year. April 2020 Blog -- The U.S. Likely Faces a Deep, Hopefully Short Recession The U.S. labor market disruption is the worst the country has experienced in recent memory, suggesting that the decline in overall activity could also be much more severe. Tiffany Wilding April 2020 Cyclical outlook -- From Hurting to Healing Our baseline economic forecast is a U-shaped global recovery, but substantial unknowns remain. Joachim Fels , Andrew Balls April 2020 Blog -- Policymakers: Pulling Out All The Stops Governments and central banks have started to respond more forcefully to the health crisis, enacting policy in an effort to limit long-term damage to the global economy. Joachim Fels March 2020 Blog -- The Fed: Avoiding a Depression The Fed’s aggressive support may help keep markets functioning, hasten recovery and avoid longer-term damage. Tiffany Wilding March 2020 Blog -- Economic Fallout: Here Comes Congress? A bolder fiscal response to the rapidly spreading coronavirus has become an economic and political imperative. Libby Cantrill , Tiffany Wilding March 2020 Blog -- Fed Takes Action to Bolster Treasury Market Functioning The Fed announced two actions Thursday in respo...