Breaking News from Moneynews.com Report: Pimco’s Gross Sells All US Treasury Holdings ALERT: $5 a Gallon Gas, Rising Food Prices — Get Ready For the Financial ‘Aftershock’
Pimco’s star bond manager Bill Gross has offered a bearish view on Treasurys in his latest market commentary and remarks to the media. And according to a report on ZeroHedge.com, he acted on this bearishness in January, selling all of the Treasury holdings in Pimco’s Total Return Fund, the world’s largest mutual fund.
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Wednesday, 9 March 2011
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