Pimco’s Gross Eliminates Government Debt From Total Return Fund - Bloomberg

Read the headline very slowly – the world’s LARGEST bond company is DUMPING US debt.  First step towards the fire exit!

 

Pimco’s Gross Eliminates Government Debt From Total Return Fund - Bloomberg

By Susanne Walker - Mar 9, 2011 1:09 PM CT

Pacific Investment Management Co.'s Bill Gross. Photographer: Andrew Harrer/Bloomberg

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 U.S. projected record budget deficits.