Pimco Debt Move in Texas Recycler Brings Credit Fights to Munis

BloombergThursday, September 18, 2025 at 4:55:40 PM
Pimco Debt Move in Texas Recycler Brings Credit Fights to Munis
A small investor is challenging larger asset managers like Pimco as they introduce aggressive corporate bond strategies into the typically calm municipal finance sector in Texas. This shift is significant because it could disrupt the traditional dynamics of municipal markets, raising concerns about the impact on local governments and public projects that rely on stable financing.
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