PIMCO's Gross on Bernanke: Fed Tapering Due to Levered Risk Positions
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According to a Twitter post from its official account today, PIMCO's Bill Gross has this to say about Fed chairman Ben Bernanke's speech today:
U.S. Treasuries are higher while the U.S. dollar slips late Wednesday.
Gross: Bernanke – Fed tapering due to levered risk positions. Also: watch policy rate more than taper. Dovish speech.
— PIMCO (@PIMCO) July 10, 2013
U.S. Treasuries are higher while the U.S. dollar slips late Wednesday.
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William H. Gross, Pacific Investment Management Company, LLC (PIMCO), Ben S. Bernanke, TwitterSign up for StreetInsider Free!
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