PIMCO

PIMCO's Bill Gross said that Greek debt, even at these levels, is unattractive. The 2 year bond is yielding 30%. Gross runs PIMCO, one of the world's largest bond funds.

All eyes and ears will be on Ben Bernanke tomorrow, and everyone will be listening and analyzing every single words, dissecting it a million different ways. The Federal Open Market Committee (FOMC) is holding its two-day meeting which starts today, and the decision will be released tomorrow at 12:...

Mohamed El-Erian, CEO of PIMCO, challenged policy makers to step up their problem solving skills in an Op-Ed piece posted on CNBC.com Wednesday. "To counter both the hesitancy and the trend towards greater “self insurance,” policy makers must get better at understanding the challenges and...

Pimco, manager of the world's largest bond fund, filed plans to launch the Pimco Foreign Currency Strategy ETF. The California-based firm did not include a ticker or expense ratio in the filing. The new ETF will invest 80% of its assets in the currencies or bonds denominated in currencies other...

I'm hearing more and more chatter for QE3, especially in light of the weakest jobs report in recent memory. There would be immense political backlash at this point if a third round of quantitative easing were to be discussed at this point, so we may need to see a sharp drop in the equity markets...

According to Bloomberg, the CEO of BlackRock Laurence Fink is in agreement with PIMCO's Bill Gross--U.S. equities offer better value than government bonds. Expressing a bullish sentiment about the U.S. dollar, Fink stated that dividend paying stocks were far more attractive than Treasuries. While...

PIMCO's Bill Gross appeared on CNBC's Squawk Box Friday morning. In his appearance, he echoed statements made by Treasury Secretary Timothy Geithner, President Obama, and Federal Reserve Chairman Ben Bernanke, stating that if the U.S. defaults on any future debt payments--even for a period of just...

PIMCO's Mohamed El-Erian spoke to Bloomberg TV's Betty Liu this morning. El-Erian told Bloomberg Television that the probability of Greece defaulting or restructuring its debt has increased since the arrest of IMF head Dominique Strauss-Kahn. Highlights of the interview can be found below, the...

On Monday, Bill Gross appeared on CNBC to clear up a misconception regarding the holdings of his PIMCO Total Return Fund. In April, market blog Zero Hedge reported that Gross was actively betting against U.S. government bonds. Zero Hedge stated, “In March, PIMCO's flagship Total Return Fund has...

Despite rumors to the contrary, PIMCO's Bill Gross, said the firm was never short U.S. Treasuries, but merely underweight Treasuries. In an interview on CNBC, Gross said, "We, in fact, were never short Treasuries, we're very underweight Treasuries, let's put it that way." PIMCO's Gross said that...

The exchange traded products business was busy attracting fresh inflows once again in April with the more than 1,200 U.S.-listed ETFs and ETNs attracting more than $22 billion in fresh investments for the month. Data from the National Stock Exchange show commodities funds garnered $775 million in...

According to a tweet from ZeroHedge, PIMCO fund manager Bill Gross is out with comments saying he may change his mind on shorting U.S. Treasuries, if there is a potential for another recession. Benzinga recommends you look at the iShares Barclays 20+ Yr Treas.Bond ETF (NYSE: TLT) and ProShares...

Pimco Announces Bill Gross Will Manage The Total Return Fund ETF

Over the weekend, it became known that PIMCO, the world's largest bond fund, and turned the tables and was short U.S. government debt, after holding U.S. Treasuries for so long. It was recently made known that PIMCO had sold out of all it's U.S. government-related holdings, but this is a stark...

With continuing civil unrest in Libya and fears of contagion into Saudi Arabia, the global financial markets once again had an excuse to be volatile. This past week has probably had more headlines than we have seen in past several months, so combine that with an extended run in equities and...