Has PIMCO Exited the Treasury Market?

Skip navigation #headerOverlay{ color: #ccd6df; font-size:11px; line-height:130%; } #headerOverlay strong{ color: #ffd226; } #headerOverlay a {color:#ccd6df;text-decoration:none;} #headerOverlay a:hover {color:#ffd226;} #headerOverlay a:visited {color:#ccd6df;} #headerOverlay a:visited:hover {color:#ffd226;} Symbol Lookup onloadAutoSuggest(); var pgValue = "CNBSEB"; var cmsKeyWord = "alternative investing"; var cmsNewPG = "CNBWAB"; if ((cmsKeyWord.length > 0) && (cmsNewPG.length > 0)) { var newPG = cmsNewPG.split(';'); var group = cmsKeyWord.split(';'); if (newPG.length == group.length) { var description = cnbc_pagedesc.toLowerCase(); for(var x = 0; x < group.length; x++) { var keyWord = group[x].split('|'); for (var j = 0; j < keyWord.length; j++) { if (description.indexOf(keyWord[j].toLowerCase()) != -1) { pgValue = newPG[x]; j = keyWord.length; x = group.length; }}}}} if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(88,31,pgValue); } else { dapMgr.enableACB("SearchBox88x31",false); dapMgr.renderAd("SearchBox88x31","&PG=" + pgValue + "&AP=1071&PN=CNBC",88,31); } cnbc_displayUsername("cnbc_usertime","cnbc_username");RegisterSign InMember CenterSign OutRegistercnbc_toggleUserState();HOMENEWSMARKETSEARNINGSINVESTINGVIDEOCNBC TVCNBC 360CNBC PROU.S.Asia-PacificEuropeEconomyEnergyGreenTechnologyBlogsWiresSlideshowsSpecial ReportsCorrections if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(728,90,"CNBGE7"); } else { dapMgr.enableACB("USNewsBlogs728",false); dapMgr.renderAd("USNewsBlogs728","&PG=CNBGE7&AP=1390&PN=CNBC",728,90); } NetTigerblood. Winning. var cnbcSubHeaderId = document.getElementById('subheader_'+ 38911124); cnbcSubHeaderId.innerHTML = document.getElementById('renderReaderContent').innerHTML; Email: document.write("");document.write("NetNet"+"@"+"cnbc.com");document.write('');Call: 201-735-iNet (4638)Text Message: Text NETNET followed by your tip to 26221. if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(300,250,"CNBGE3"); } else { dapMgr.enableACB("USNewsBlogs300x250",false); dapMgr.renderAd("USNewsBlogs300x250","&PG=CNBGE3&AP=1089&PN=CNBC",300,250); } Current DateTime: 11:28:54 09 Mar 2011LinksList Documentid: 38910464Expiration DateTime: 3/9/2011 11:30:44 AM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Foreclosure Settlement Is a Sneaky Bank Tax cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986851", "38910464_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986851", "38910464_1","cnbcCommentsTxt" ); Pimco Goes to Cash, Exits Treasurys cnbc_commentCountMapObj.cnbc_commentCountMap_put("41988321", "38910464_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41988321", "38910464_2","cnbcCommentsTxt" ); War Machine Watch: Delusions of No-Fly Zone Without Bombing cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986537", "38910464_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986537", "38910464_3","cnbcCommentsTxt" ); Bill Gates Is No Longer the Richest Man in the World cnbc_commentCountMapObj.cnbc_commentCountMap_put("41985816", "38910464_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41985816", "38910464_4","cnbcCommentsTxt" ); Can Sallie Krawcheck Hold It Together Over at Bank of America? cnbc_commentCountMapObj.cnbc_commentCountMap_put("41975787", "38910464_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41975787", "38910464_5","cnbcCommentsTxt" ); Amid the Chaos Libya's Ben Bernanke Disappears! cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966252", "38910464_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966252", "38910464_6","cnbcCommentsTxt" ); Kevin Book: Opening Strategic Oil Reserve Might Not Lower Gas Prices cnbc_commentCountMapObj.cnbc_commentCountMap_put("41972680", "38910464_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41972680", "38910464_7","cnbcCommentsTxt" ); The Looming Disaster of a Libya War cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973400", "38910464_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973400", "38910464_8","cnbcCommentsTxt" ); Six Reasons Why Raj Rajaratnam Could Be Going Down cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973656", "38910464_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973656", "38910464_9","cnbcCommentsTxt" ); KKR Just Tapped This Goldman Prop Trading Superstar to Run Its Real Estate Business cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971413", "38910464_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971413", "38910464_10","cnbcCommentsTxt" ); Rajat Gupta: Caught on Tape cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971414", "38910464_11","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971414", "38910464_11","cnbcCommentsTxt" ); Thank God Airlines Are Getting Rid of Free Pretzels cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971412", "38910464_12","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971412", "38910464_12","cnbcCommentsTxt" ); Why the SEC Is Bringing an Administrative Action Against Rajat Gupta cnbc_commentCountMapObj.cnbc_commentCountMap_put("41970697", "38910464_13","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41970697", "38910464_13","cnbcCommentsTxt" ); War Machine Watch: John Kerry Pushes Obama to Bomb Libya cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967364", "38910464_14","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967364", "38910464_14","cnbcCommentsTxt" ); Goldman Sachs' Victory Lap cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967358", "38910464_15","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967358", "38910464_15","cnbcCommentsTxt" ); What the Tapes Mean for the Insider Trading Case Against Rajat Gupta cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966502", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966502", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Current DateTime: 11:25:42 09 Mar 2011LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 11:25:42 09 Mar 2011LinksList Documentid: 38852222John Carney

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Cadie Thompson

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Ash Bennington

NetNet Special Reporter

Kate Kelly

Reports on the major Wall Street firms, trading, and regulation.

Jeff Cox

A staff writer with CNBC.com, covering the gamut of issues affecting the stock market and the economy.

Lori Spechler

A Senior Editor at CNBC, commodity trader in a former life.

Lori Ann LaRocco

A Senior Talent Producer at CNBC.

Nicole Lapin

Runs the graveyard.

Current DateTime: 11:27:40 09 Mar 2011LinksList Documentid: 38910635Expiration DateTime: 3/9/2011 11:30:35 AM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910635_1","cnbcCommentsTxt" ); Pimco's Biggest Fund Dumps US Treasury Bond Holdings cnbc_commentCountMapObj.cnbc_commentCountMap_put("41990901", "38910635_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41990901", "38910635_1","cnbcCommentsTxt" ); Bonds at Highs Following Strong 10-Year Sale cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986655", "38910635_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986655", "38910635_2","cnbcCommentsTxt" ); TARP Police! Step Away From The Bank Bailout Money! cnbc_commentCountMapObj.cnbc_commentCountMap_put("41975030", "38910635_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41975030", "38910635_3","cnbcCommentsTxt" ); When Do Tweets Cross Line? A Subcontractor's Case cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973297", "38910635_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973297", "38910635_4","cnbcCommentsTxt" ); Black Smoke Rises Around East Libya Oil Terminal cnbc_commentCountMapObj.cnbc_commentCountMap_put("41983100", "38910635_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41983100", "38910635_5","cnbcCommentsTxt" ); Algeria Oil Minister: We See No Supply Shortage  cnbc_commentCountMapObj.cnbc_commentCountMap_put("15840232?video=3000009500&play=1", "38910635_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("15840232?video=3000009500&play=1", "38910635_6","cnbcCommentsTxt" ); 15 Countries That Consume The Most Alcohol cnbc_commentCountMapObj.cnbc_commentCountMap_put("41990305", "38910635_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41990305", "38910635_7","cnbcCommentsTxt" ); NFL Labor Talks Take Turn Over Financials cnbc_commentCountMapObj.cnbc_commentCountMap_put("41991302", "38910635_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41991302", "38910635_8","cnbcCommentsTxt" ); Too Young to Retire: Boomers Pushed Out of Work cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973383", "38910635_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973383", "38910635_9","cnbcCommentsTxt" ); SEC Chairwoman Under Fire Over Ethics Issues cnbc_commentCountMapObj.cnbc_commentCountMap_put("41984958", "38910635_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41984958", "38910635_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910635_1","cnbcCommentsTxt" ); » HelpCurrent DateTime: 11:25:42 09 Mar 2011LinksList Documentid: 38851925Subscribe to this RSS feed

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Getty ImagesBill Gross of PIMCO Pimco has dumped all of its US Treasury bond exposure in its flagship Total Return Fund.

The move makes sense given Pimco chief Bill Gross's public statements that Treasurys are over-valued. 

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Winning. var cnbcSubHeaderId = document.getElementById('subheader_'+ 38911124); cnbcSubHeaderId.innerHTML = document.getElementById('renderReaderContent').innerHTML; Email: document.write("");document.write("NetNet"+"@"+"cnbc.com");document.write('');Call: 201-735-iNet (4638)Text Message: Text NETNET followed by your tip to 26221. if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(300,250,"CNBGE3"); } else { dapMgr.enableACB("USNewsBlogs300x250",false); dapMgr.renderAd("USNewsBlogs300x250","&PG=CNBGE3&AP=1089&PN=CNBC",300,250); } Current DateTime: 11:28:54 09 Mar 2011LinksList Documentid: 38910464Expiration DateTime: 3/9/2011 11:30:44 AM cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Foreclosure Settlement Is a Sneaky Bank Tax cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986851", "38910464_1","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986851", "38910464_1","cnbcCommentsTxt" ); Pimco Goes to Cash, Exits Treasurys cnbc_commentCountMapObj.cnbc_commentCountMap_put("41988321", "38910464_2","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41988321", "38910464_2","cnbcCommentsTxt" ); War Machine Watch: Delusions of No-Fly Zone Without Bombing cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986537", "38910464_3","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41986537", "38910464_3","cnbcCommentsTxt" ); Bill Gates Is No Longer the Richest Man in the World cnbc_commentCountMapObj.cnbc_commentCountMap_put("41985816", "38910464_4","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41985816", "38910464_4","cnbcCommentsTxt" ); Can Sallie Krawcheck Hold It Together Over at Bank of America? cnbc_commentCountMapObj.cnbc_commentCountMap_put("41975787", "38910464_5","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41975787", "38910464_5","cnbcCommentsTxt" ); Amid the Chaos Libya's Ben Bernanke Disappears! cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966252", "38910464_6","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966252", "38910464_6","cnbcCommentsTxt" ); Kevin Book: Opening Strategic Oil Reserve Might Not Lower Gas Prices cnbc_commentCountMapObj.cnbc_commentCountMap_put("41972680", "38910464_7","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41972680", "38910464_7","cnbcCommentsTxt" ); The Looming Disaster of a Libya War cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973400", "38910464_8","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973400", "38910464_8","cnbcCommentsTxt" ); Six Reasons Why Raj Rajaratnam Could Be Going Down cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973656", "38910464_9","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41973656", "38910464_9","cnbcCommentsTxt" ); KKR Just Tapped This Goldman Prop Trading Superstar to Run Its Real Estate Business cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971413", "38910464_10","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971413", "38910464_10","cnbcCommentsTxt" ); Rajat Gupta: Caught on Tape cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971414", "38910464_11","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971414", "38910464_11","cnbcCommentsTxt" ); Thank God Airlines Are Getting Rid of Free Pretzels cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971412", "38910464_12","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41971412", "38910464_12","cnbcCommentsTxt" ); Why the SEC Is Bringing an Administrative Action Against Rajat Gupta cnbc_commentCountMapObj.cnbc_commentCountMap_put("41970697", "38910464_13","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41970697", "38910464_13","cnbcCommentsTxt" ); War Machine Watch: John Kerry Pushes Obama to Bomb Libya cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967364", "38910464_14","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967364", "38910464_14","cnbcCommentsTxt" ); Goldman Sachs' Victory Lap cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967358", "38910464_15","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41967358", "38910464_15","cnbcCommentsTxt" ); What the Tapes Mean for the Insider Trading Case Against Rajat Gupta cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966502", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("41966502", "38910464_16","cnbcCommentsTxt" ); cnbc_commentCountMapObj.cnbc_commentCountMap_put("", "38910464_1","cnbcCommentsTxt" ); Current DateTime: 11:25:42 09 Mar 2011LinksList Documentid: 39085620FacebookTwitterRSSCurrent DateTime: 11:25:42 09 Mar 2011LinksList Documentid: 38852222John Carney

Runs this joint.

Cadie Thompson

Really, really runs this joint.

Ash Bennington

NetNet Special Reporter

Kate Kelly

Reports on the major Wall Street firms, trading, and regulation.

Jeff Cox

A staff writer with CNBC.com, covering the gamut of issues affecting the stock market and the economy.

Lori Spechler

A Senior Editor at CNBC, commodity trader in a former life.

Lori Ann LaRocco

A Senior Talent Producer at CNBC.

Nicole Lapin

Runs the graveyard.

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if (cnbc_DARTFlag=="new") { cnbc_DARTAdCall(300,250,"CNBAL3"); } else { dapMgr.enableACB("ContextBlog300",false); dapMgr.renderAd("ContextBlog300","&PG=CNBAL3&AP=1089&PN=CNBC",300,250); } setDefault('cnbc_textbody');Pimco Goes to Cash, Exits Treasurys Published: Wednesday, 9 Mar 2011 | 1:01 PM ET Text Size By: Ash BenningtonNetNet Writer, Special to CNBC.com window.fbAsyncInit = function() { FB.init({appId: 'your app id', status: true, cookie: true, xfbml: true}); }; (function() { var e = document.createElement('script'); e.async = true; e.src = document.location.protocol + '//connect.facebook.net/en_US/all.js'; document.getElementById('fb-root').appendChild(e); }()); var sUrl = window.location; var str = '' $(".fbButton").html(str); //alert("1 :::: " + jQuery("#ssShare").length); Twitter cnbc_createTwitterURL();LinkedIn addthis_pub = 'cnbccomrssfeeds'; addthis_hide_embed=false; addthis_options = 'linkedin, digg, delicious, google,facebook,more'; More Share

Getty ImagesBill Gross of PIMCO Pimco has dumped all of its US Treasury bond exposure in its flagship Total Return Fund.

The move makes sense given Pimco chief Bill Gross's public statements that Treasurys are over-valued. 

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