Sunday, January 3, 2010

Pimco Cuts U.S., U.K. Bonds as Borrowing Increases

Pacific Investment Management Co., which runs the world’s biggest bond fund, is cutting holdings of U.S. and U.K. debt as borrowing rises in the nations, the company said in a report on its Web site.

Case of the technicals aligning with the fundamentals

Source: bloomberg.com

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