Pimco’s Gross Says Fannie, Freddie Mortgage Bonds Offer ‘Compelling Value’

Of course Bill Gross is saying this. Around half of the PIMCO Total Return Fund is tied up in the agencies’ paper (at least last time I checked).

Did someone expect him to give a “Fannie and Freddie suck…they’re DOA. I’m throwing in the towel.” ???

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