China may be lightening its holdings of US Treasuries (according to today’s TIC data) but Pimco has raised its allocation to US government debt to 63% of its Total Return fund, managed by Bill Gross. As a firm, Pimco has over $1 trln under management, the bulk in the Total Return fund…
His investment is looking good at the moment as US yields retest recent lows (prices recent recent highs). 10-year notes are now yielding 2.93%.