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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: NOW who wrote (198235)10/17/2002 2:21:21 PM
From: Israel  Read Replies (1) of 436258
 
nypost.com

Bill Gross, the man behind the world's largest mutual fund, told a press conference yesterday he believes 10-year Treasuries are "appropriately valued."Gross, who heads the Pimco Total Return Fund, is turning his attention to Canadian and European government bonds and sees potential for corporate bonds to become more attractive in the next three to six months.Gross, speaking in Munich, did not explicitly say that he plans to stop buying U.S. Treasuries, but many bond market watchers interpreted his words that way.
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