pimco

ON BONDS

PIMCO's CIO Bill Gross has recommended investors look to non-US dollar bonds on the view the US dollar will continue to devalue.

A momentous 2010 saw the euro rocked as Ireland followed Greece to the brink of oblivion, a change of government in the UK and the BP oil spill. But what were the stories that grabbed Investment Week readers? These were the ten most read stories of 2010....

Pimco, the world's largest bond fund, has called on Greece, Ireland and Portugal to step outside the eurozone temporarily and restructure their debts unless the currency bloc agrees to a radical change of course.

PIMCO's co-CIO Bill Gross has poured $4.4m (£2.7m) of his own money into five municipal bond funds run by the group in anticipation of a rally, Bloomberg reports.

Pimco bond guru Bill Gross says the developed world faces a crisis of "potentially endless proportions" as the West struggles to compete with emerging markets.

Pimco's Andrew Balls believes the Bank of England could be forced into more quantitative easing to avoid an appreciation of sterling.

Pimco's Bill Gross, manager of the world's largest bond fund, says quantitative easing has called an end to the 30-year bull market in bonds and labels current monetary policy as a ‘Ponzi scheme'.

Bank shares in the US dived overnight after a group of investors united to try force Bank of America to repurchase soured mortgages packaged into $47bn of bonds.

Pimco's Mike Amey believes Chancellor George Osborne must stick to his reduction plans outlined in the Budget despite fears the cuts could derail UK growth.