Friday, April 1, 2011

Even Reuters Will Attempt to Make News!

Recently PIMCO sold its treasury bond holdings stating that that wasn't where value is now.  Lots of reasons for that, but fair enough.  This Reuters article attempts to make news that PIMCO would buy treasury bonds again if the price comes down and they see value in them again—talking about stating the obvious!  I think it's just a case of having to say something, but it does reflect badly on them.