Bill Gross' says he isn't shorting Treasuries, but he is shorting U.S. government-related debt as a whole. The
Pimco [see profile] co-chief investment officer and
Total Return Fund manager
reportedly tried to counter the Treasury-shorting discussion, telling
CNBC that he was "never short Treasuries," just "underweight Treasuries."
Yet
Reuters reports that Total Return did start shorting U.S. government-related debt as a whole (i.e. agency debt, FDIC-guaranteed corporate securities, interest rate swaps, TIPS and Treasury futures and options, as well as Treasuries) in April, then bumped that short bet from three percent to four percent of Total Return's assets this month. 
Edited by:
Neil Anderson, Managing Editor
Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE