PIMCO cuts mortgage-backed securities holdings

RCS: There Are Better Ways To Get An 8.5% Yield – PIMCO. – (Source: Fund Factsheet) Although it does offer some diversified exposure to other sectors, this PIMCO CEF is largely focused on agency mortgage-backed securities.

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Pimco's Gross Boosted Mortgage-Bond Holdings – When many investors cut holdings of bonds broadly, Mr. Gross increased mortgage-backed securities holdings for the 8 billion total Return Fund to 36% at the end of June from 34% in May, according to data from Pimco’s website released Monday afternoon. Mr. Gross also held U.S. government-related holdings steady at 38%.

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Pimco Total Return cuts mortgages securities to near 4-year low – The Pimco Total Return Fund, the world’s largest bond fund, cut its holdings of U.S. mortgage securities for a third straight month in April to its lowest level since July 2010 on continued bets.

PIMCO’s flagship fund trims Treasury, mortgage holdings – The fund, which has nearly $278 billion in assets, slightly decreased its mortgage holdings. guaranteed mortgage-backed securities each month until the outlook for jobs improves. In his last two.

First-time homebuyers are too few in number to absorb inventory overhang I’ve forgotten to mention that while the Senate failed to pass an extension of unemployment insurance last night, it did manage to extend the new homebuyer’s tax credit. That’s the $8,000 payoff for.Housing Prices Post Record Decline in Q2 Fidelity expected to ramp up LPS data operations As per the deal, Fidelity’s shares are valued at $25.489 per share, translating to a fixed exchange ratio of 0.65224 shares for each LPS share. As a result Fidelity is expected to issue 57.4.228 Responses to “Is the Los Angeles housing market in another bubble? Prices at new peak and up 181% since 2000. The market is shifting but does this mean a bust?”

Managing Against a Mismatched Index Fed. – global.pimco.com – T he Federal Reserve is widely expected to complete its bond purchase program – the third round of quantitative easing, known as QE3 – at the end of October. Once completed, the Fed will have purchased a cumulative $2.925 trillion in bonds since the first round of QE began in 2008 and expanded its balance sheet holdings of mortgage-backed securities (MBS) to $1.725 trillion.

Pimco Total Return cut U.S. govt debt to 47 percent in June – FDIC-guaranteed and government-guaranteed corporate securities, and interest rate swaps. The Pimco Total Return Fund, meanwhile, kept its mortgage holdings unchanged in June at 22 percent, while.

RCS: Income Stream Recently Cut – RCS saw its monthly distribution get cut by 15% on April 1st. The fund now trades at the highest premium of all PIMCO CEFs, which is a title. for inclusion in mortgage-backed securities issued by.

mortgage backed securities – The Buzz – Investment and Stock. – Gross has gotten Pimco Total Return back on the right path this year, thanks to the fund’s 50% position in mortgage-backed securities. In fact, the Pimco Total Return Fund is up more than 8% this year, while the benchmark barclays capital Aggregate Bond Index is up less than 4%.

Abacus Federal Savings Bank found not guilty of defrauding Fannie Mae Abacus Federal Savings Bank , which caters to the Chinese-American community in New York, New Jersey and Pennsylvania, was found not guilty on Thursday of all charges related to the sale of.

Pimco Beats 99% of Peers With Ivascyn as Market Beast: Mortgages – Pimco Income’s 4.8 percent return beat 97 percent of peers in a year when the asset manager’s biggest funds on average trailed two-thirds of comparable funds, according to data compiled by Bloomberg ..

NAIC Selects PIMCO To Help Evaluate Insurers’ RMBS Holdings – PIMCO will serve as a third-party financial modeler so state regulators can evaluate the residential mortgage-backed securities (RMBS) held by insurers to determine what the carriers’ capital reserves.