Pimco cuts U.S. government holdings in its flagship Total Return bond fund to 22%, from...

|By:, SA News Editor

Pimco cuts U.S. government holdings in its flagship Total Return bond fund to 22%, from November's 30% - matching up with the 10-year Treasury yield hitting a seven-month peak on Dec. 16. Part of the funds flowed instead into mortgage-backed securities (now 45%, up from July's 18%) and emerging-market debt (9%).