YES.
PIMCO (biggest bond fund) Dumping All Treasuries, Bringing "Government Related" Holdings To Zero
Only if nobody showed up to buy it from them.
Nah, Obama said his friend is going to print more. We have no worries.
Michael Moore said, “Yea, we got debt, but we aren’t broke.” “It is like you have a car payment, having a car payment doesn’t mean your broke”
Obviously yes, but we are in uncharted territory here so it will be a wild ride. My personal investments are moving heavy into S. American companies.
Alarmed: NO!!!
Panicked: YES!!!
NO
Even the worlds biggest bond fund is still only chump change in the total market for US treasuries, the US treasury bond auctions of late have been over subscribed and yields have declined.
Like, totally, like oh my God!
I'm looking at PIMCO Moderate Duration Fund (PMDRX) and it's still chock full of all kinds of US debt obligations.
Long term bad, I suppose, but....they haven't completely flown the coop just yet.
B4L8r
ping
Bonds have risen as high as they are going to go now that interest rates are as low as they can get. The Treasury should be converting as much of this debt as possible to long term bonds to lock in the low interest rate.
“This really is a stunning move by PIMCO.”
Maybe they are going to hold cash for a while then buy bonds when the yields are higher. Inflation anyone? Remember the 70’s?
“the Federal Reserve is currently buying up about 70 percent of all new U.S. government debt”
So, would this be considered a new type of Ponzi scheme?
The Return of the Bond Vigilantes.
I saw Gross on Tech Ticker this week. He looks like he has aged dramatically. That guy is really really stressed out about something...
Nobody else in the world wants our junk bonds anymore. The only serious buyer is the Fed and they use fake money... so...
sfl