April 11, 2011

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Interesting Article about US Debt and the likely increase of interest rates

Pimco manager bets against US debt

By Dan McCrum

Published: April 11 2011 19:46 | Last updated: April 11 2011 19:46

Bill Gross, manager of the world's largest bond fund, is now actively betting against the value of debt issued by the US government.

Pimco's $236bn Total Return Fund held minus 3 per cent of its assets in government related securities at the end of March, down from zero the month before, according to a report issued by the company on Monday.

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