Pimco Bond Fund Cuts Bet as Dimon to Gundlach Warn on Rates Path
- Total Return Fund reduces duration to lowest level since May
- JPMorgan CEO Jamie Dimon says it’s time for the Fed to move
JPMorgan CEO Jamie Dimon: It's Time to Raise Rates
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Pacific Investment Management Co.’s Total Return Fund, the world’s biggest actively run debt fund, is trimming its bet on bonds.
Total Return cut the duration of its holdings to 5.27 years as of Aug. 31 from 5.44 years at the end of July, based on data on the company website. It was the lowest level since May. It also reduced its holdings of U.S. government and related securities last month.