As the debt ceiling issue plays out in the coming months, this is one of many factors that could create episodes of market volatility, which investors should consider as they allocate capital in 2023.

MORE ON U.S. DEBT CEILING

In our view, there are three compelling reasons why investors may benefit from allocating to agency MBS heading into 2023: attractive valuations; abundant relative value opportunities; and high quality spreads over U.S. Treasuries.

Like most asset markets, credit has not been immune to this year's volatility. But the good news today is that higher-quality yields are attractive again. Learn how investors may benefit from allocating to active fixed income.

As the Fed continues to combat inflation, stock and bond markets are pricing in different recessionary risks - with a richer opportunity set now emerging for active fixed income investors.

The escalation between Russia, Ukraine and the West has implications not just for energy, but for other commodities as well. Get our point of view on the fluid situation with Greg Sharenow, Head of Commodities, in this View From the Trade Floor.

With an increasingly uncertain inflation outlook, PIMCO believes it is best to look for mispricings and opportunities as the environment evolves. Learn about two current trade ideas with Marc Seidner, CIO non-traditional strategies, in this View From the Trade Floor.