PIMCO Total Return Fund Dumps U.S. Govt-Related Securities

PIMCO’s $236.9 billion Total Return Fund has dumped all U.S. government-related debt, including Treasuries and agency debt, a source familiar with the fund’s holdings told Reuters on Wednesday. Government-related securities include Treasuries, TIPS, agencies, interest rate swaps, Treasury futures and options, and corporate securities guaranteed by the FDIC.

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