Daily Archives: Friday, March 11, 2011

Smart Money Sells U.S. Treasuries

Posted on Friday, March 11, 2011 by Sean Patrick Hazlett

One of the world’s largest and most respected bond funds announced Wednesday it had reduced its exposure to U.S. government securities to zero in light of rising yields, which are inversely related to a bond’s value. Given the right’s refusal … Continue reading →

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Posted in Business, Finance and Economics, Investing, Policy, Politics | Tagged Bill Gross, Dollar, Federal Reserve, PIMCO, U.S. Treasuries | 3 Comments

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