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Bill Gross (BOND) upped Treasury and MBS holdings in June, reports Bloomberg, as his fund...

Bill Gross (BOND) upped Treasury and MBS holdings in June, reports Bloomberg, as his fund suffered a relative shellacking. To make room, he cut back on non-U.S. government debt. Pimco doesn't break out TIPS (TIP) holdings from the overall Treasurys figure, but Gross had previously been a big buyer and inflation-protected paper got banged even worse than normal government bonds during the selloff.
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Comments (1)
  • mickey727
    , contributor
    Comments (10) | Send Message
     
    as interest rates move toward the historical norm, pimco will fully recover its asset value. i would be more worried about the fox in the federal reserve and his currency debasement. zero percent interest rates are the bain of our capitalistic free market existence. bill gross has led the bond market in stellar performance over the past recession and we have all prospered.
    16 Jul 2013, 09:42 PM Reply Like
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