Monday, January 4, 2010

Pimco Cuts Back on US, UK Rate Exposure

Pacific Investment Management Co, the world's biggest bond fund, is cutting back its interest rate exposure in the United States and Britain, the fund said in a report on its outlook for 2010, Reuters reports.

At some point all hell breaks loose in the bond market with a huge spike in rates.

1 comment:

  1. no chance for a smaller version of 2008 crisis ? this time maybe in EU?