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Bond King Gross: 83% in mortgage debt; short Treasuries
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Wednesday, February 11, 2009
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Pimco's Bill Gross is frontrunning the U.S. government into bond investments - betting the government's billions in support will chase up asset values. Following Geithner's announcement that he may extend protection to commercial mortgage-backed securities, Gross is loading up on mortgages. He is also short Treasuries and agency debt from Fannie and Freddie.

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Topics: Bill Gross | Mortgages | Income Investing
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