Bill Gross Said Exiting Treasuries
The latest holdings of Pimco's flagship Total Return Fund (PTTRX) are yet to be publicly reported. Zero Hedge did not disclose the source of its information.
"After sporting $28.6 billion in "government related" securities, TRF dropped to $0.0, while its cash holdings surged from $11.9 billion to $54.5 billion (based on total TRF holdings of $236.9 billion as of February 28)," the report noted.
If true, it might mean that Gross is predicting the end of "QE2" (quantitative easing, or Treasury purchases, by the Federal Reserve) in June and probably does not expect further easing or QE3, from the Fed.
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