MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Thursday, May 26, 2011 Bill Gross is Pessimistic on U.S. Govt Bonds Bill Gross in April showed his pessimism for U.S. government-related debt by raising his bets to 4 percent from 3 percent, Reuters reports. At the same time, Pimco's [see profile] $240 billion Total Return fund also decreased its bets on investment-grade credit to 17 percent from 18 and junk bonds to 5 percent in April from 6 percent the previous month. Gross told the pub that the only way he would purchase Treasuries again is if the U.S. heads into another recession. Printed from: MFWire.com/story.asp?s=36907 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |