Gross Buys $1.5 Billion Of Municipal Bonds

Earlier today Reuters reported that “The King of Bonds,” PIMCO’s Bill Gross, bought $1.5 billion of municipal bonds last Friday. In an e-mail, Gross told Jennifer Ablan and Joan Gralla: We bought $1.5 billion on Friday at very attractive prices that have since improved substantially. According to the Reuters reporters: The $2.6 trillion municipal bond […]

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