Salient to Investors:
Bill Gross at Pimco increased holdings of Treasuries for the first time since April – to 24 percent of Total Return Fund assets last month from 20 percent in September – mortgages were reduced to 47 percent from 49 percent in September. Net cash-and-equivalent assets fell to negative 9 percent in October from negative 6 percent in September.
Gross said 10-yr notes rose in part this week on a bid based upon the Bernanke expectation for easy money as far as the eye can see. Gross said investors should buy municipal bonds, intermediate Treasuries and TIPs.
Read the full article at http://www.bloomberg.com/news/2012-11-09/gross-raises-treasuries-in-flagship-fund-first-time-since-april.html