{"id":523926,"date":"2010-04-12T06:10:00","date_gmt":"2010-04-12T10:10:00","guid":{"rendered":"http:\/\/www.businessinsider.com\/henry-blodget-pimcos-pimcos-bill-gross-frantically-dumping-treasuries-thinks-us-interest-rates-will-soar-2010-4"},"modified":"2010-04-12T06:10:00","modified_gmt":"2010-04-12T10:10:00","slug":"pimcos-bill-gross-frantically-dumping-treasuries-thinks-us-interest-rates-will-soar","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/523926","title":{"rendered":"PIMCO&#8217;s Bill Gross Frantically Dumping Treasuries, Thinks US Interest Rates Will Soar"},"content":{"rendered":"<p><img decoding=\"async\" class=\"float_right\" src=\"http:\/\/static.businessinsider.com\/image\/4b6bf960000000000023e2b2\/bill-gross.jpg\" border=\"0\" alt=\"bill gross\" \/><\/p>\n<p>Nine months ago, Bill Gross&#8217;s Total Return Fund was 50% in US Treasuries. Now it&#8217;s only 30%, the lowest percentage in the 23 year history of the fund, says <a href=\"http:\/\/www.nytimes.com\/2010\/04\/11\/business\/economy\/11rates.html?scp=1&amp;sq=pimco%20bill%20gross&amp;st=cse\">Nelson Schwartz of the NYT<\/a>.<\/p>\n<p>Why is Gross dumping Treasuries?<\/p>\n<p>Two primary concerns:<\/p>\n<ul>\n<li>Inflation<\/li>\n<li>The massive tidal wave of money the US needs to raise in the coming years, which will increase the supply of Treasuries (driving prices down and rates up).<\/li>\n<\/ul>\n<p>More broadly, Gross believes that, while interest rates have now generally been declining for more than 25 years, we&#8217;re now moving to an era in which rates will rise, not fall.<\/p>\n<p>PIMCO has shifted money into corporate bonds and foreign bonds, including Greece.<\/p>\n<p><a href=\"http:\/\/www.businessinsider.com\/henry-blodget-pimcos-pimcos-bill-gross-frantically-dumping-treasuries-thinks-us-interest-rates-will-soar-2010-4#comments\">Join the conversation about this story &#187;<\/a><\/p>\n<p><b>See Also:<\/b><\/p>\n<ul>\n<li><a href=\"http:\/\/www.businessinsider.com\/pimco-housing-market-bottom-2010-4\">PIMCO: Don&#8217;t Expect A Housing Recovery Anytime Soon<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/pimcos-gross-interest-rates-are-heading-higher-and-everyonw-knows-the-healthcare-bill-wont-make-things-worse-2010-3\">PIMCO&#8217;s Gross: Interest Rates Are Heading Higher, And Everyone Knows The Healthcare Bill Will Make Things Worse<\/a><\/li>\n<li><a href=\"http:\/\/www.businessinsider.com\/pimco-forget-bernankes-ultra-low-interest-rate-next-month-the-fed-will-tighten-hard-with-other-tools-2010-3\">PIMCO: Forget Bernanke&#8217;s Ultra-Low Interest Rate, Next Month The Fed Will Tighten Hard With Other Tools<\/a><\/li>\n<\/ul>\n<p><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/feeds.feedburner.com\/~r\/TheMoneyGame\/~4\/_2hCZZ-8xfE\" height=\"1\" width=\"1\"\/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Nine months ago, Bill Gross&#8217;s Total Return Fund was 50% in US Treasuries. Now it&#8217;s only 30%, the lowest percentage in the 23 year history of the fund, says Nelson Schwartz of the NYT. Why is Gross dumping Treasuries? Two primary concerns: Inflation The massive tidal wave of money the US needs to raise in [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-523926","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/523926","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=523926"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/523926\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=523926"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=523926"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=523926"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}