REUTERS: Brutal Summer For Bond Investors As BLOODBATH In US Credit Market Continues...Submitted by emalvini on Sat, 07/06/2013 - 14:21
REUTERS: Brutal Summer For Bond Investors As BLOODBATH In US Credit Market Continues...
By Reuters | 6 Jul, 2013 | 09.42PM
NEW YORK: It's shaping up to be a brutal summer for bond investors as the bloodbath in the US credit market shows no signs of letting up, even as nearly $80 billion has already been wiped from funds.
The past six weeks have been humbling for well-known fund managers including Bill Gross of PIMCO, Jeffrey Gundlach of DoubleLine Capital and Ray Dalio of Bridgewater Associates - all victims of a violent sell-off in US Treasuries, mortgage-backed securities or inflation-protected bonds.