Investors Turning Away from U.S. Debt Over Record Deficits
The proverbial chickens.. have come home to poop – or roost if you prefer. The world’s largest bond investment fund, Pimco’s Total Return Fund removed U.S. government debt from its holdings: Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co., eliminated government-related debt from his flagship fund last month as the [...]
