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fishpoopoo

03-10-2011 10:05 AM

And so it begins. PIMCO Has No U.S. Treasury Bonds ...

...to sell.

That's right. The largest fixed income manager on the planet has no U.S. Treasury Bond holdings.

You could read into this two ways:

1) It's not a big deal ... rates are going up.

or

2) It's the beginning of the end for the U.S. dollar.

Would be kinda analogous to Fidelity unloading all of its stock holdings.

:soon:

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