PIMCO cuts mortgage-backed securities holdings

Ahead of the meeting, we expected the focus to be on two key areas: 1) the conditions under which it would be appropriate to cut or hike interest rates, and 2) the appropriate composition of securities holdings in the central bank’s System Open Market Account (SOMA). We.

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While the residential and commercial real estate sectors have seen an impressive turnaround, exchange traded fund investors may also look to the mortgage-backed securities. News) . [PIMCO Total.

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Pacific Investment Management Co.’s Total Return Fund has cut its holdings of mortgage-backed securities form 81% in November to 62% last month. At the same time, PIMCO raised its U.S.

Pimco’s Total Return Fund cut U.S. government-related debt in January and raised holdings of mortgage-backed securities, corporate debt and foreign-currency bonds. The allocation signaled the world’s largest bond fund by assets reached for higher yields last month, outside the ultrasafe U.S.

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FDIC-guaranteed and government-guaranteed corporate securities, and interest rate swaps. The Pimco Total Return Fund, meanwhile, kept its mortgage holdings unchanged in June at 22 percent, while.

T he Federal Reserve is widely expected to complete its bond purchase program – the third round of quantitative easing, known as QE3 – at the end of October. Once completed, the Fed will have purchased a cumulative $2.925 trillion in bonds since the first round of QE began in 2008 and expanded its balance sheet holdings of mortgage-backed securities (MBS) to $1.725 trillion.

Bill Gross, manager of the world’s biggest bond fund, cut slightly both holdings of Treasury bonds and mortgage-backed securities in July. Treasury bonds holdings at the $270 billion Total Return Fund (PTTRX), managed by Mr. Gross, who is co-chief investment officer at Pacific Investment Management.

It’s amassed a $575 billion portfolio of overseas bonds in the space of a decade and now rubs shoulders with names like Pimco.

2.5 million homes in foreclosure, shadow inventory rising: John Burns As the approximate 2.5 million homes in foreclosure complete the process, national delinquencies will fall, and REO inventory and short sales are expected to trend upward, according to a report released today by John Burns Real Estate Consulting. In the article mentioned above, Bloomberg states:

The Pimco Total Return Fund, the world’s largest bond fund, cut its holdings of U.S. mortgage securities for a third straight month in April to its lowest level since July 2010 on continued bets.