If you still want to buy Treasuries, think thrice!
Pimco Total return fund,(run by Bill Gross)the world’s biggest bond fund has cut its holdings of US government-related debt to zero for the first time since early 2008 in the latest sign of increasing investor expectations of rising interest rates.
With QE2 ending soon,who will fill the vacuum left by FED exit in buying of Treasury bonds? No wonder Pimco is nervous,so should you.
Entry filed under: Watch your step.