Key ideas from Manny Roman

• PIMCO CEO Manny Roman sees the 'sell America trade' as overblown: 'Bond yields went up five or six BIPs yesterday on the ten year and the stock market is down two percent. I mean, it's not exactly an earthquake.'
• Japan's forty-year JGB hit four percent for the first time in history, while US ten-year rates approached 4.3 percent again despite expectations of mortgage rate declines
• Roman describes Japan as bullish for the first time since 1987: 'I started my career in nineteen eighty seven. It's the first time that I see the Nikkei above when I started'
• PIMCO participated in a $20+ billion data center financing deal, with Roman noting 'not everyone can take twenty five billion dollars of a deal' as a competitive advantage
• On geopolitical risk pricing, Roman emphasizes humility: 'We try to be incredibly humble and say, why do we have an edge? And the reality is if the three of us sees the exact same thing at the same time, we don't have an edge'
• Roman admits complete puzzlement about gold's relentless rally: 'Honestly, these things where I just give up and I say really... I don't understand that's one of them'