PIMCO's Gross Increases Short Position Against U.S. Debt
(Reuters) - PIMCO's Bill Gross, the manager of the world's largest bond fund, raised his bet against U.S. government-related debt in April to 4 percent from 3 percent, according to the company's website on Monday.
The increase, albeit small, follows Gross' move to ratchet up his bearishness in March by taking his initial short position in U.S. government-related debt, which includes Treasuries, TIPS, agencies, interest rate swaps, Treasury futures and options and FDIC-guaranteed corporate securities.
The $240 billion Total Return fund also raised its cash position to 37 percent in April from 31 percent in March, added Pacific Investment Management Co, which oversees $1.2 trillion in assets.
Must See Video - Cop Says Bubbles Will Make Him Cry...
Reader Comments (5)
http://blogs.wsj.com/scene/2011/05/06/cool-in-cambodia/
Italians will on Wednesday flee Rome over fears a giant earthquake is coming following a seismologist's 1915 prediction that "the big one" will strike on May 11, 2011.
http://www.telegraph.co.uk/news/worldnews/europe/italy/8504936/Italians-evacuate-Rome-over-big-one-fears.html
Even paraiste know better than to destroy their own host. Clearly the analogy of speculators being parasites is no longer applicible, as we can see now that even parasites have a higher moral grounding than the likes of Bill Gross.