HALISTER1: Pioneer Investment Likes CPI-Linked Bonds Before ECB Meeting

Pioneer Investment Likes CPI-Linked Bonds Before ECB Meeting

(Bloomberg) -- Pioneer Investment Management Ltd., manager of about $250 billion, sees buying opportunity in inflation-linked notes before the European Central Bank meeting Thursday.
  • Bonds linked to CPI “offer reasonable value” because pricing reflects today’s inflation rather than the possibility of future price growth, according to Cosimo Marasciulo, Dublin-based European fixed-income head at Pioneer
  • ECB will come under pressure to acknowledge euro-area inflation reaching its target 2% possibly with “language signaling that the deposit rate has now bottomed”
  • NOTE: Euro-Area Inflation Hits 2 Percent as ECB Debates Policy
Related News and Information: First Word scrolling panel: FIRST First Word newswire: NH BFW To contact the reporter on this story: Cecile Gutscher in London at cgutscher@bloomberg.net
Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
2539Z GR (European Central Bank)

People
Cosimo Marasciulo (Pioneer Investment Management Ltd/Dublin)

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