Monday, 11 April 2011

Moneynews.com


Breaking News from Moneynews.com


Pimco’s Gross Sets Bet Against Government Debt, Boosts Cash


Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., has said he is concerned about what will happen when the Federal Reserve stops buying Treasurys. Last month, he bet against U.S. government-related debt and boosted cash to be the largest of the Total Return Fund’s holdings.


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IMF Cuts US Growth Forecast