pimco Biggest Fund Dumps new U.S. government debt he move was not a surprise given Pimco chief Bill Gross’s recent statements that Treasurys are over-valued.It just gives people that follow him the bias not to bullish on the Treasury market,” said Jefferies Treasury Strategist John Spinello. “He thinks rates are going higher.”
In fact, there was little reaction in the bond market when news of move leaked out Wednesday morning.
In January, Pacific Investment
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