Mohamed El-Erian, "Get out of Treasuries. They are very, very expensive"

By on January 5, 2009

The Chief Investment Officer of PIMCO warns of apparent mispricing in the bond market in a long and comprehensive article by Andrew Bary in Barron’s. Bary speculates that a bear market may have begun Wednesday, when prices of 30-year Treasuries fell 3% and lost another 3% on Friday.


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