1. PIMCO Strategist Warns Private Credit 'Imbalances' Fueling Sector Outflows, AI Adds Pressure
Concerns in the $1.7 trillion private credit market are not just about rapid growth but stem from deeper structural 'imbalances,' according to PIMCO's Lotfi Karoui. The warning follows a critical sector revision by Moody's, which points to an 'ongoing exodus' from non-traded vehicles—which constitute 60% of the sector'...