- Pimco reduces portfolio duration and has cut Government bonds holdings.
- J. Dimon , JPM CEO : “Lets s just raise rates, …. the Fed has to maintain credibility “.
- Gundlach said in last week fixed-income investors should reduce the duration of their positions and move money into cash. “This is a big, big moment,” Gundlach said. “Interest rates have bottomed… I think it’s the beginning of something and you’re supposed to be defensive.”