Sunday, August 21, 2011

PIMCO: Treasuries reflect likelihood of recession (Reuters)

William Gross, Manager of the world's biggest bond fund at Pacific Investment Management Co. (PIMCO) participates in the Obama administration's Conference on the Future of Housing Finance in the Cash Room of the Treasury Building in Washington, August 17, 2010. REUTERS/Jason ReedReuters - Bill Gross, manager of the world's largest bond fund, said on Friday the decline in Treasury yields to 60-year lows reflect a high probability of recession in the United States.


Source: http://us.rd.yahoo.com/dailynews/rss/economy/*http://news.yahoo.com/s/nm/20110819/ts_nm/us_pimco_economy_gross

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