Pimco Exits Stock Investments… AgainMark Melin
As the most persistent long-term uptrend in bond prices was nearing a wall five years ago, with yields on the U.S. ten year note fluttering near 3 percent and short term rates on a path to near zero, Bill Gross saw the writing on the wall, sources have said. He had lived through the most amazing time to be a long bond manager and wanted to diversify Pimco away from being a one . . .
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