Manny Roman

CEO, PIMCO

Search every verified Manny Roman interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Manny Roman, CEO of Pimco, discussed recent market movements and investment strategy on the Odd Lots podcast, addressing the "Sell America" trade and Japanese bond selloff. He characterized the market reaction to recent events as modest, noting that ten-year bond yields rose only 5–6 basis points and the stock market fell 2%, which he described as "not exactly an earthquake." Roman said markets are rational and discounting noise, and he observed that currency moves were minimal, with the dollar remaining the world's reserve currency despite a secular trend toward diversification. Roman also commented on investment opportunities, stating that long-term fixed income offers an attractive entry point, with investors potentially earning 6–7% returns, while describing the S&P 500 as "very expensive." He noted that assets are being driven by valuation and momentum, citing strong momentum in gold but saying he stays on the sidelines when he does not understand a market, such as crypto. He mentioned Pimco's bullish stance on mortgages, referencing recent Bloomberg reporting on the firm's view that mortgage rates could ease amid Fannie Mae and Freddie Mac purchases.