Pacific Investment Management Co (Pimco) investment chief Dan Ivascyntold German newspaper Frankfurter Allgemeine Sonntagszeitung in an interview to be published on Sunday:
- Sees the economic crisis in Russia having only a limited impact on the financial system in the longer run
- Said “Selected Russian bonds remain value-creating in the long run”
Also said he expected the U.S. Federal Reserve to raise interest rates in 2015:
- “We believe that (Federal Reserve Chair) Janet Yellen will do this so carefully and with such restraint that there won’t be major asset price declines”
