Gross Reduces Treasury Holdings in February From Six-Month High – Bloomberg 03-11-13

Salient to Investors:

Bill Gross at Pimco said:

  • Holdings of Treasuries to 28 percent of assets in February, after a six-month high of 30 percent in January, and cut mortgage holdings to 36 percent, the lowest level since August 2011, and cut non-US developed nations’ debt to 11 percent.
  • Corporate credit and high-yield bonds are exuberantly and irrationally priced, and the economy has to have real growth of 3 percent to justify the current market enthusiasm.
  • The Mexican peso and the Brazilian real stand out as strong currencies.

Read the full article at http://www.bloomberg.com/news/2013-03-11/bill-gross-reduces-holdings-of-treasuries-to-28-in-february.html 

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