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Bill Gross (BOND) is "lightening positions" in MBS after they've been a big winner for his funds...

Bill Gross (BOND) is "lightening positions" in MBS after they've been a big winner for his funds this year (interesting: the MBB has actually declined since the Fed began QE∞). He's also cutting back on his holdings of corporate paper (LQD). Expecting the Fed to eventually produce higher inflation, he's added to his holdings of TIPS (TIP), while cutting back on non-inflation protected Treasurys.
Comments (3)
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Accounting for overbought sectors, as well as rate risk.
    19 Dec 2012, 03:37 PM Reply Like
  • bbro
    , contributor
    Comments (9365) | Send Message
     
    TIP.....

     

    Average Yield to Maturity 1.48%
    Average Real Yield to Maturity -0.96%
    19 Dec 2012, 04:34 PM Reply Like
  • Whitehawk
    , contributor
    Comments (3129) | Send Message
     
    Yes, a ripoff. Better to buy/have bought a distressed sovereign on a swing trade.
    19 Dec 2012, 04:53 PM Reply Like
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