Ticker	Volume	Price	Price Delta
DJIA	15,387.60	+52.30	0.34%
S&P 500	1,669.16	+2.87	0.17%
Nasdaq	3,502.12	+5.69	0.16%

Ticker

Volume

Price

Price Delta

DJIA

15,387.60

+52.30

0.34%

S&P 500

1,669.16

+2.87

0.17%

Nasdaq

3,502.12

+5.69

0.16%

Ticker	Volume	Price	Price Delta
STOXX 50	2,811.43	-10.22	-0.36%
FTSE 100	6,800.73	-3.14	-0.05%
DAX	8,456.76	-15.44	-0.18%

Ticker

Volume

Price

Price Delta

STOXX 50

2,811.43

-10.22

-0.36%

FTSE 100

6,800.73

-3.14

-0.05%

DAX

8,456.76

-15.44

-0.18%

Ticker	Volume	Price	Price Delta
Nikkei	15,627.30	+246.24	1.60%
Hang Seng	23,261.10	-105.29	-0.45%
S&P/ASX 200	5,165.37	-14.69	-0.28%

Ticker

Volume

Price

Price Delta

Nikkei

15,627.30

+246.24

1.60%

Hang Seng

23,261.10

-105.29

-0.45%

S&P/ASX 200

5,165.37

-14.69

-0.28%

Pimco Cuts German Sovereign Bond Holdings, Dow Jones Reports

By Jana Randow - 2012-05-23T06:09:20Z

Pacific Investment Management Co. is cutting its German government bond holdings because the market is overvalued, Scott Mather, head of global bond portfolio management, told Dow Jones in an interview.

He said he holds no sovereign debt from Greece, Portugal and Ireland, and only a small amount from Italy, Spain and France, according to Dow Jones. Instead, he’s buying U.S. mortgage-backed securities and German, U.K. and Dutch covered bonds, Dow Jones quoted him as saying.

To contact the reporter on this story: Jana Randow in Frankfurt at jrandow@bloomberg.net

To contact the editor responsible for this story: Craig Stirling at cstirling1@bloomberg.net

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