As trade wars intensify, inflation persists and geopolitical risks spread, Pimco is finding value in the debt of large US banks and leisure-sector companies. “There are some really strong spots within lodging, cruise lines and the like,” said Sonali Pier, who focuses on multi-sector credit opportunities and is a senior member of the $2 trillion asset manager’s leveraged finance team. Pimco is meanwhile cautious on retail and autos, especially in Europe, Pier tells Bloomberg News’ James Crombie and Bloomberg Intelligence’s Jody Lurie, in the latest Credit Edge podcast. Pier and Lurie also discuss private debt relative value, asset-based finance opportunities and how to navigate creditor conflict when borrowers fall into distress.

<p>As trade wars intensify, inflation persists and geopolitical risks spread, Pimco is finding value in the debt of large US banks and leisure-sector companies. &ldquo;There are some really strong spots within lodging, cruise lines and the like,&rdquo; said Sonali Pier, who focuses on multi-sector credit opportunities and is a senior member of the $2 trillion asset manager&rsquo;s leveraged finance team. Pimco is meanwhile cautious on retail and autos, especially in Europe, Pier tells Bloomberg News&rsquo; James Crombie and Bloomberg Intelligence&rsquo;s Jody Lurie, in the latest Credit Edge podcast. Pier and Lurie also discuss private debt relative value, asset-based finance opportunities and how to navigate creditor conflict when borrowers fall into distress.</p>

The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.

<p>The Credit Edge reviews the top credit news of the week and looks at the week ahead, with in-depth research of the most important corporate sectors, trends and themes. Analysis of specific corporate bonds and credit default swaps is backed by Bloomberg Intelligence's robust data sets and indexes.</p>

The Credit Edge by Bloomberg Intelligence

Pimco Likes Cruise Lines, Bank Bonds in Tariff Turmoil

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