Experts

Sara Adjir

Portfolio Manager

Ms. Adjir is a senior vice president and portfolio manager on the European rates desk in the London office. She is also a member of the European portfolio committee research group. Prior to joining PIMCO in 2021, she traded European rates for seven years at UBS Investment Bank in London. She has nine years of investment experience and holds a Grande Ecole diploma with a master's degree in finance from Edhec Business School in France.

Economic and Market Commentary

The European Asset Swap Conundrum

27/09/2022

Swap-paying flows, a flight to quality, and collateral scarcity in a record low liquidity environment in European markets have contributed to distortions on the asset swap curve, creating opportunities for active managers to provide liquidity and increase return potential.

Konstantin Veit, Sara Adjir

Economic and Market Commentary