Being Selective in Credit Is ‘Critical,’ Pimco’s Pier Says

Sonali Pier, portfolio manager: multi-sector credit at PIMCO, and Meghan Robson, head of US credit strategy at BNP Paribas, join Katie Greifeld on “Bloomberg Real Yield.” US investment-grade bond sales reached $1 trillion sooner than in any year since 2020 as historically low spreads and a spending surge on artificial intelligence fuel borrowing by blue-chip companies.