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>> ROYAL BANK OF SCOTLAND Latest News

MAR 04, 2014 - Zero Hedge

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PIMCO To Buy Billions In European Toxic Debt

Earlier today we were surprised when none other than uber central-planning skeptic, not to mention bond fund manager, Bill Gross threw in the towel and in his latest letter advocated the purchase of risk assets - and Bill Gross is the last person needing reminding that in a day and age when the 10 Year yields just barely over 2.5%, this means not bonds but stocks. The surprise, however, promptly disappeared when we realized that PIMCO is merely the  latest entrant in the scramble for yield game following, with a substantial delay to all of its other "alternative" asset management peers, ... Read More

Tags: PIMCO To Buy Billions In European Toxic Debt,  Royal Bank Of Scotland Latest News