Word: pimco
(lookup in dictionary)
(lookup stats)
Dates: during 2000-2009
Sort By: most recent first
(reverse)
Americans struggling to find work, get a decent pay raise or buy a home must marvel at the peculiar worries of Bill Gross. A legendary investor, Gross runs the $76 billion Pimco Total Return bond fund. In recent weeks he has sold $6 billion in Treasury bonds, activity that has contributed to a sharp rise in mortgage interest rates. Gross, though, is more concerned about bad things that might happen in the future, not what's happening now. "Two or three years down the road," he says, "inflation might be a real pressure cooker...
There may be good news in all this. Much of the recent increase in interest rates has been technical--giant mortgage holders like Pimco, Fannie Mae, Freddie Mac, Chase and J.P. Morgan have been selling T-bonds in a complex strategy that helps to shield their vast mortgage holdings against risk. But despite signs of economic recovery, Gross believes bond yields will settle in at current levels--meaning mortgage rates will settle here as well. "We're done selling," Gross says. At least...
RETHINK SHORT-TERM SAVINGS. You pick up an extra point of yield switching from a money-market fund to a short-term bond fund. Best bet: a low-expense fund with securities that mature in two years, like Vanguard Short-Term Treasury and Pimco Low Duration. They carry only minimally more risk than a money-market fund...
...RETHINK SHORT-TERM SAVINGS. You pick up an extra point of yield switching from a money-market fund to a short-term bond fund. Best bet: a low-expense fund with securities that mature in two years, like Vanguard Short-Term Treasury and Pimco Low Duration. They carry only minimally more risk than a money-market fund...
...them in your IRA or other retirement account, where their quirky tax features won't "drive you stark raving mad," as Loomis Sayles Bond Fund manager Daniel Fuss puts it. You can buy tips directly from the government, at www.publicdebt.treas.gov/sec/seciis.htm or in a fund from Vanguard or Pimco...