Salient to Investors:
Bill Gross at Pimco said the Fed won’t tighten monetary policy until 2016 at the earliest, and added to mortgage securities in June.
Mohamed El-Erian at Pimco said 10-yr Treasury yields may drop to 2.2 percent in 2013.
Read the full article at http://www.bloomberg.com/news/2013-07-21/pimco-s-gross-says-fed-will-tighten-policy-in-2016-at-earliest.html
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