Market Currents
Bill Gross' assertion that Treasury bonds could get burnt to a crisp thanks to massive...
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Monday, October 8, 2012, 2:26 PM ETBill Gross' assertion that Treasury bonds could get burnt to a crisp thanks to massive government deficits is nonsense, writes David Schawel. This doesn't mean there isn't plenty of downside (without comparable upside) for bond indexers (AGG) - there is, he says, thanks to the distorting effects of the Fed's Treasury and MBS purchases.
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