Pimco Bond Fund Cuts Bet as Dimon to Gundlach Warn on Rates Path – Bloomberg

  • 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.”

http://www.bloomberg.com/news/articles/2016-09-13/pimco-bond-fund-cuts-bet-as-dimon-to-gundlach-warn-on-rates-path

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