US treasury bond

What`s the fuck going on?






CNN Money
March 10, 2011: 11:44 AM ET

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The world's biggest bond fund, slashed its exposure to U.S. government debt to zero.

It's the second month in a row that well-known fund manager Bill Gross has drastically reduced Pimco's exposure to U.S. government debt.

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In his February newsletter, Gross said he believes U.S. Treasuries are trading at a yield of 1.5 percentage points below where they should be historically, making them an unattractive place to invest for the time being. Gross also reiterated that stocks and bonds may struggle this summer when the Federal Reserve ends its second quantitative easing program.

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