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Pimco is the Worlds Largest Bond Company. Pimco Sold All of its US Bonds.
PIMCO sells off all its U.S. debt
Pimco sells US Treasuries ahead of QE3
PIMCO sells off all its U.S. debt
The world's largest bond fund has sold off all its U.S. treasury bonds. Analysts say that despite the sale, PIMCO founder Bill Gross is still optimistic.
Pimco sells US Treasuries ahead of QE3
Pimco, manager of the worlds largest bond fund, is selling US Treasuries in the expectation that a fresh helping of economic stimulus from the Federal Reserve will have little impact.