The most scary thing (to bulls) since QE1

[phantom_opera]

Bill Gross Sells $30 Billion In Treasurys In August As Total Return Fund Cuts Government Exposure By Over A Third


over $30 Billion in US paper was dumped to unwitting investors

The amount is almost the same as HP's market cap

Should I dump my bonds too? ...

[radha08]

hello this is mr b's job..i mean the big words and bad news...

[focus]

Bill Gross Sells $30 Billion In Treasurys In August As Total Return Fund Cuts Government Exposure By Over A Third


over $30 Billion in US paper was dumped to unwitting investors

The amount is almost the same as HP's market cap

Should I dump my bonds too? ...

Again... watch what they do , not what they say..
He must have been busy unloading by influencing people to buy bonds as he laments the cult of equities is dead during July/august..

[kane]

So what did he buy with the $30bln sales proceeds?

[phantom_opera]

He basically cut 10y / 30y bond and still holding short term 3-5y bonds ... he is of the opinion that 10y bond yield has bottomed even if QE3 is open ended

But the amount is really huge ... 30b USD is no joke ... of course cannot compare to US Fed who can anytime buy 500b out of thin air

His funds probably will return > 8% this year after taking profit in 10y bond

[phantom_opera]

So what did he buy with the $30bln sales proceeds?

We will need to find out, I guess temporarily will be in cash. But if he is right, 10y, 20y and 30y US mortgage rate is set to rise soon

[kane]

We will need to find out, I guess temporarily will be in cash. But if he is right, 10y, 20y and 30y US mortgage rate is set to rise soon

Can he sit on so much cash??

[Allthepies]

he went to buy my ah kian! no wonder cheong more than 10% today

[phantom_opera]

what is going on? Pimco dumped another 30b worth of 10y treasuries?


USGG10YR:IND 1.81520 0.08610 +5.00%
USGG30YR:IND 3.02840 0.08900 +3.04%