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Items Tagged with 'PIMCO'

ARTICLES

BlackRock, Pimco sue Wells Fargo, Citi, others over mortgage bonds

Allege that trustees should have forced banks to buy back toxic loans
June 19, 2014
BlackRock and Pimco are leading a group of investors who have filed suit against six of the largest mortgage bond trustees, alleging that the trustees failed to properly administer the mortgage trusts by not forcing mortgage lenders to repurchase toxic loans.
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Treasury yield squeeze suggests interest rates to stay low

Fed will keep thumb on the scale
May 16, 2014
Despite the Federal Reserve’s near zero interest rate policy, most in the housing industry expected interest rates and therefore mortgage rates would be going up in 2014.
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PIMCO expects U.S. economy to grow 2.5-3% in 2014

Biggest risk for growth? Ongoing tapering
March 31, 2014
PIMCO’s recently released cyclical outlook for the Americas is forecasting growth in the U.S. economy of 2.5-3% in 2014.
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PIMCO cuts mortgage-backed securities holdings

Moving to investments outside the U.S.
March 12, 2014
PIMCO, the world's largest bond fund, is moving away from its investments in mortgage-backed securities and U.S. government-related holdings. Why would it change strategy?
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Major news out of PIMCO as Mohamed El-Erian resigns from CEO post

El-Erian leaves major hole to fill
January 21, 2014
PIMCO CEO and Co-Chief Investment Officer Mohamed El-Erian is resigning in a move that is likely to shake-up the investor community given his stature.
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BlackRock, PIMCO set to push for BofA mortgage deal

November 18, 2013
Closing arguments begin today from an investor group including BlackRock Inc. (BLK) and Pacific Investment Management Co. over a proposed $8.5 billion settlement with Bank of America (BAC) involving legacy Countrywide mortgage bonds.
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Pimco’s Gross: Expect low interest rates for years to come

October 2, 2013
Bill Gross, manager of Pimco's bond fund, says the global economy could be facing low interest rate policies for decades to come.
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Agency MBS bets net Pimco huge profits

September 30, 2013
While the Federal Reserve has been playing "buyer of last resort" in snapping up agency mortgage-backed securities throughout the crisis and beyond -- through three successive rounds of so-called quantitative easing -- the government hasn't been the only buyer.
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The value in today’s bond market

September 30, 2013
In a recent interview, Mohamed El-Erian, CEO and co-chief investment officer for Pimco, said America is at a place it's never been, with central banks experimenting in unprecedented ways. In light of this, El-Erian provided advice on how to move forward.
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Pimco’s Mohamed El-Erian expects Fed tapering plan this week

September 16, 2013
The Federal Reserve is likely to announce its tapering plans this week, said Pimco CEO Mohamed El-Erian. Still, don't expect it all at once. El-Erian believes a $10 billion-to-$15 billion reduction will be the Fed's first step.
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