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Strategies & Market Trends : The Epic American Credit and Bond Bubble Laboratory

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From: Rarebird4/11/2008 9:55:18 AM
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Bloomberg reported Thursday that Bill Gross has put on his biggest bet against government debt since 2000. His Total Return "Fund increased derivative positions that make it short in Treasuries, meaning it will profit from declines in the securities. It held -18% of assets in government debt in March, the most bearish stance since at least June 2000, according to data compiled by Bloomberg News." Gross was quoted as saying, "Treasuries are the most overvalued asset in the world, bar none."

bloomberg.com
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