# Why Bonds Are Back: PIMCO’s Marc Seidner on the Best Fixed Income Setup in Years | #629

Page: https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157/why-bonds-are-back-pimco-s-marc-seidner-on-the-best-fixed-income-setup-in-years-629
Text version: https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157/why-bonds-are-back-pimco-s-marc-seidner-on-the-best-fixed-income-setup-in-years-629.md
Podcast: [The Meb Faber Show - Better Investing](https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157)
Published: 2026-05-01T08:30:00+00:00
Episode link: https://traffic.megaphone.fm/TIFM5072255151.mp3?updated=1777465630
Audio file: https://traffic.megaphone.fm/TIFM5072255151.mp3?updated=1777465630
Processing state: not_requested
JSON: https://stenobird.com/v1/public/podcasts/the-meb-faber-show-better-investing-743157/episodes/why-bonds-are-back-pimco-s-marc-seidner-on-the-best-fixed-income-setup-in-years-629
Duration seconds: 2417

## Resource

Today’s guest is Marc Seidner, PIMCO’s CIO of Non-traditional Strategies. He is also a generalist portfolio manager and a member of the Investment Committee. In today’s episode, Marc explores why the investing landscape has changed from one led by economics to one increasingly shaped by politics and geopolitics. He explains why bonds may offer one of the most compelling opportunities in years, while private credit continues to show stress. He also touches on the K-shape economy and why real assets may help portfolios withstand a more uncertain world. (0:00) Starts (1:50) Global economic landscape (4:47) Golden age of fixed income (7:32) Equity vs. fixed income ownership (10:13) K-shaped recovery (15:06) Private credit concerns (17:49) Value over growth, global diversification, and real assets (24:50) International diversification & emerging market bonds (33:05) IPO landscape ----- Sponsor: Want to learn more about 351 Exchanges? Visit the ⁠Alpha Architect 351 Education Center⁠ for use cases, tools, FAQs, upcoming launches, and more. Investments in securities entail risks, including possible loss of principal and are not suitable for all investors. ----- Follow Meb on⁠ X⁠,⁠ LinkedIn⁠ and⁠ YouTube⁠ For detailed show notes, click ⁠here⁠ To learn more about our funds and follow us, subscribe to our ⁠mailing list⁠ or visit us at⁠ cambriainvestments.com⁠ ----- Follow The Idea Farm: ⁠X⁠ | ⁠LinkedIn⁠ | ⁠Instagram⁠ | ⁠TikTok⁠ ----- Interested in sponsoring the show? Email us at Feedback@TheMebFaberShow.com ----- Past guests include ⁠Ed Thorp⁠, ⁠Richard Thaler⁠, ⁠Jeremy Grantham⁠, ⁠Joel Greenblatt⁠, ⁠Campbell Harvey⁠, ⁠Ivy Zelman⁠, ⁠Kathryn Kaminski⁠, ⁠Jason Calacanis⁠, ⁠Whitney Baker,⁠ ⁠Aswath Damodaran⁠, ⁠Howard Marks⁠, ⁠Tom Barton⁠, and many more. ----- Meb's invested in some…

## Actions

- request_transcript: `POST https://stenobird.com/v1/public/podcasts/the-meb-faber-show-better-investing-743157/episodes/why-bonds-are-back-pimco-s-marc-seidner-on-the-best-fixed-income-setup-in-years-629/transcription-requests` — Idempotently request low-priority transcript generation for this episode.
- read_markdown: `GET https://stenobird.com/podcast/the-meb-faber-show-better-investing-743157/why-bonds-are-back-pimco-s-marc-seidner-on-the-best-fixed-income-setup-in-years-629.md` — Read the agent-friendly Markdown representation of this episode resource.

A page view does not enqueue transcription. Agents should invoke `request_transcript` explicitly when they need this episode processed.

## Transcript

Full transcripts are not published on public pages unless there is a clear rights basis.