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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 |
|
Wednesday, September 26, 2012 Why Did Gross Sell His Treasuries? Bill Gross seems to be in the news every day. Yesterday was no exception, with Marc Prosser at Forbes writing about some recent statements from the West Coast bond maven. Prosser takes a stab at answering why the Gross-PMed Pimco Total Return Bond Fund [profile] had gone from being 33 percent invested in US Treasuries to 21 percent in August. Twitter may have an answer, Prosser notes. Gross tweeted on August 24 about the "practical limits" of Treasury yields. This, Prosser infers, means Gross is calling the current trading of Treasuries to be a market bottom. The article goes on to explain that a lot of the money Gross had divested from Treasuries had been moved into municipal bonds. Prosser includes a link to the official Pimco twitter, which is worth a follow if you're so inclined. Printed from: MFWire.com/story.asp?s=41391 Copyright 2012, InvestmentWires, Inc. All Rights Reserved |