Good afternoon, Bill Gross When a twenty seven year old Bill Gross co-founded PIMCO in 1971, his timing was not particularly good. The US Treasury market soon entered a ten year long bear market. The yield on 10 year US … Continue reading →

Good afternoon, Almost a year ago to the date, we were in Madrid to meet with the management of several banks. The underlying tone was constructive on funding and credit quality, but very cautious on the outlook for new loan … Continue reading →