pimco: PIMCO Betting Against US Treasuries. Interest Rates Are Going Up. - 04/12/11 02:22 AM
When PIMCO bets against US Treasuries, you can bet that interest rates are headed up.
The headline this morning on Bloomberg reads: "Pimco Total Return Cuts Government-Related to Negative, Boosts Cash Assets."  PIMCO is the most successful bond trading company in the US.  I check Bill Gross's opinion on the bond market daily (when I'm not in Oklahoma working cows.") 
Fixed rate assets like Certificates of Deposit will benefit, but mortgage rates will not.  Mortgages are set to rise, as they have been doing for the past three weeks.
Even so, astute REALTORS and Mortgage Originators will do well if we … (5 comments)

 
Mike Jones, Mike Jones NMLS 223495 (SUNSTREET MORTGAGE, LLC  (BK-0907366, NMLS 145171) 	)

Mike Jones

Mike Jones NMLS 223495

Tucson, AZ

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