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Investments / The Ticker

PIMCO's Simon: Investors shouldn't sell their soul for yield

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Buying bonds for their yield is not the best approach if investors are sacrificing attention to the bonds’ prices, PIMCO's head of mortgage and asset-backed securities Scott Simon said, The Wall Street Journal reports.

"The road to hell is paved with positive carry," he said, repeating a mantra that traders say he’s proffered before.

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