Bloomberg -- Bill Gross, who has been telling investors to favor short-term Treasuries, is following through on his own advice as longer-maturity bonds suffer their biggest losses in four years.
Gross cut the duration of holdings in the $250 billion Pimco Total Return Fund, the worlds biggest bond fund, to 4.42 years as of Sept. 30 from 5.06 years a month earlier, according to a report yesterday on Pacific Investment Management Co.s website. Bonds due in one to five years made up 70% of holdings, the Newport Beach, California, company reported.
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