The bestselling bond investing classic―updated to help you profit today and position yourself for the post-COVID era and decade ahead Since the 2008 global financial crisis, the investing world has changed radically. Credit is more difficult to access, populations across the world are aging, and economic growth has been tepid. And now, the global pandemic has shaken the global financial system to its core. Investors are facing a future where structural―rather than cyclical―change will have greater impact on financial markets. In this new edition of The Strategic Bond Investor , you’ll find everything you need to generate profits while mitigating risk in the “new normal.” PIMCO Executive Vice President and lead investing strategist Anthony Crescenzi explains how deeply the bond market impacts the global economy, the best ways to invest in bonds, and how to “read” this market to inform your overall strategy. Along the way, Crescenzi provides unique and invaluable insights into the role of the bond market in recent economic crises (both 2008 and 2020), in an era of the rise of socially responsible investing, and at a time when we may well be witnessing a seismic shift in economic and financial power from the United States to China. Crescenzi draws on his vast experience, as well as personal conversations with Alan Greenspan, Ben Bernanke, Janet Yellen, and other influential figures in finance, politics, and academia. He provides a glimpse at PIMCO’s storied investment process, along with numerous types of investment strategies to meet various investing goals. The Strategic Bond Investor has guided investors through the capital markets for nearly two decades. Use this updated edition to achieve investing success in the next decade. Anthony Crescenzi is executive vice president, market strategist, and generalist portfolio manager for PIMCO. He is also a member of the firm’s elite Investment Committee. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak and worked for both Lehman Brothers and Prudential Bache. “Tony Crescenzi tells you everything investors need to know about the bond market in this comprehensive book.”  — Ben S. Bernanke , former chairman of the Federal Reserve “An essential book to understand how interest rates affect the global economy and financial markets today. Crescenzi writes as a practitioner from PIMCO's vantage point.” — Ng Kok Song , gormer group CIO, GIC, Singapore Anthony Crescenzi is executive vice president, market strategist, and generalist portfolio manager for PIMCO. He is also a member of the firm’s elite Investment Committee. Prior to joining PIMCO in 2009, he was chief bond market strategist at Miller Tabak and worked for both Lehman Brothers and Prudential Bache.