Such calls go against PIMCO bond manager Bill Gross, who says moving into short-term bonds may help reduce interest rate sensitivity in portfolios.
Estimated reading time: 0 minutes, 21 seconds
Firms Go Against Bill Gross' Fixed Income Play
BlackRock and Pioneer Investments are among firms that are advising clients to bail out of short- and intermediate-maturity bonds due to concerns that economic growth may cause the Federal Reserve to back off on its pledge to keep interest rates low. So reports MarketWatch.
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