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Strategies & Market Trends : John Pitera's Market Laboratory

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To: Jon Koplik who wrote (10480)	6/9/2010 11:34:36 PM
From: Jon Koplik	Read Replies (1) of 33421

WSJ says (the "great") Pimco was WRONG again (on Treasurys, lately) ........................... MUTUAL FUNDS JUNE 10, 2010 Bond Giant Pimco Buys Treasurys in Recent Weeks BY MIN ZENG AND MARK GONGLOFF After months of deriding U.S. Treasury bonds, Bill Gross and his fund managers at Pacific Investment Management Co. have switched sides. Pimco had been the biggest and most vocal of a large group of Treasury bears, predicting that Treasury prices would fall, and yields rise, as the U.S. economy strengthens and the government borrowing binge continued. In the opposing camp was Pimco's chief rival, BlackRock Inc., which said in March that it was buying up Treasurys. So far, BlackRock's view has proven to be the winning bet. The debt crisis in Europe sparked a global flight to safe-haven assets such ... Copyright © 2010 Dow Jones & Company, Inc. All Rights Reserved.

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