Wednesday, April 7, 2010 as of 11:14 AM ET
Pacific Investment Management Company, LLC (commonly called PIMCO), is an investment firm headquartered in Newport Beach, California.
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S. Treasury said Wednesday it has not yet decided whether to start issuing floating-rate notes as it weighs comments from bankers and traders on the best way to structure the new product.Floating-rate notes would be the first addition to the Treasury's arsenal of products in 15 years, and could help the government finance its mounting debt. The department asked market participants for views on the notes in March."Treasury is in the process of analyzing the feedback, and we continue to study the benefits and optimal terms of a Treasury [floating rate note]," Acting Assistant Secretary for Financial Markets Matthew Rutherford said in a statement.The Treasury Borrowing Advisory Committee unanimously recommended that Treasury pursue the plan--with most members favoring a maturity of two years or less--but was divided on the best way to set the variable interest rate."There was a lack of consensus on the reference index, with respondents divided between Treasury bills, the federal fun...January was an impressive month for the markets. The Dow Jones Industrial Average increased 3.4 percent, while the Standard & Poor’s 500 gained 4.4 percent. It was...
The U.S. Treasury Department plans to decide this spring whether to offer floating-rate and negative-yield securities, though the agency would need additional time b...
Mike Holland, president of Holland Balanced Fund, weighs in on world markets and the Fed's Beige Book report from Wednesday, and how this will impact U.S. markets.
Red has been the color of choice for gold and silver this week. On Wednesday, gold fell below $1,600 to close at its lowest level since September. Meanwhile, silve...
PIMCO Executive V.P. Tony Crescenzi on the risky environment for bonds and the outlook for oil.
PIMCO Executive V.P. Tony Crescenzi on the potential risks from Greece and Italy on Europe and the U.S.
By Atul PrakashStock index futures pointed to a higher open for equities on Wall Street on Wednesday, with futures for the S&P 500, for the Dow Jones and for the Nas...
By John McCrankU.S. banks have not done enough to ensure they are well capitalized, and getting back to a system where retail and investment banking are separated wo...
This Occupy Wall Street Movement has been brought to you by Ben & Jerry's ice cream."The Ben & Jerry's board of directors...wish to express our deepest admiration to...
By Jennifer AblanNEW YORK (Reuters) - Bill Gross , manager of the world's largest bond fund, ramped up buying of mortgage-backed securities in September on the likel...
By Matthew Goldstein and Jennifer AblanNEW YORK (Reuters) - A $2.3 billion investment fund managed by bond giant Pacific Investment Management Co that is largely tar...
PIMCO Executive V.P. Tony Crescenzi on what options are left for the Federal Reserve and what steps it may take to boost the economy.
The U.S. Treasury said Wednesday it has not yet decided whether to start issuing floating-rate notes as it weighs comments from bankers and traders on the best way t...
Giant bond-fund manager Pacific Investment Management Co., or Pimco, announced Tuesday that it opened an office in Brazil, its first in Latin America.The opening "is...
Global portfolio managers need to shift their investments into emerging markets and away from "excess" developed-country assets to help balance the global economy, g...
FBN’s Stuart Varney on the differences between last Friday, during the Mega Millions drawing, and this Friday with Passover and Easter celebrations.
Actively managed exchange-traded funds are back in the spotlight this week, with the world’s largest bond fund, PIMCO Total Return [PTTRX] now available as an ETF (N...
Seana Smith talks about what some say is the "moon landing" of exchange-traded funds.
Bill Gross , manager of the world's biggest bond fund, scooped up Treasury securities for a fourth straight month in January, turning overweight on the debt relative...
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