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Rating:WSJ Gives Gross Flak Over Treasurys Not Rated 5.0 Email Routing List Email & Route  Print Print
Tuesday, June 07, 2011

WSJ Gives Gross Flak Over Treasurys

News summary by MFWire's editors

Fundsters who just can't get enough of the debate over the fate of Treasurys, and Bill Gross' views on Treasurys, may want to take a look at today's issue of the Wall Street Journal. Mark Gongloff attacks the star Pimco [see profile]co-chief investment officer for turning his back on Treasurys.

"While his other investments also increased, many have trailed Treasurys' rise, particularly in May," the Journal writes. "Last month, amid rising anxiety about a global economic slowdown, government bonds enjoy the biggest rally of the year, and the Total Return Fund had one of its worst months in recent history. The fund finished in the bottom 10 percent of intermediate-maturity bond funds in May." 

Edited by: Neil Anderson, Managing Editor

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