Salient to Investors:
Bill Gross at Pimco said:
- He raised Treasury holdings to 33 percent of assets in March, the highest level since July 2012, and lowered mortgage holdings to 33 percent, the lowest level since August 2011.
- Japan’s unprecedented purchase program may force investors into other higher-yielding securities outside of the country, including US Treasuries.
- Treasuries may be ridiculously priced and under-yielding but have decent value relative to other alternatives.
Click here to receive free and immediate email alerts of the latest forecasts.