US efforts to bring down the cost of housing through buying mortgage securities are bolstering a bullish outlook at Pacific Investment Management Co, one of the world’s largest bond managers. “We definitely think it could bring down rates and reduce the spread on mortgage-backed securities,” Chief Investment Officer Daniel Ivascyn told Bloomberg News in an interview. Most Read from Bloomberg Pimco sees the announcement as “another tailwind” for their overweight holdings in the debt, which they maintain ...