Monday, May 2, 2011

Pimco's Gross Says a Fed Funds Target at Virtually Zero Hurts Bondholders - Bloomberg

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Pimco's Gross Says a Fed Funds Target at Virtually Zero Hurts Bondholders
Bloomberg
“The argument over whether the end of QE2 on June 30 will result in higher yields and lower Treasury bond prices is, in a sense, a secondary one,” Gross wrote. “Even if 10-year Treasuries stay where they are at 3.30 percent, and fed funds close to zero ...

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