Pimco's Mohamed El-Erian, Fed Not Raising Rates

Reuters News spoke with Mohamed El-Erian, CEO of Pacific Investment Management Co, on rate hikes going forward. On the video he said major moves in unemployment will keep the Fed on hold for the rest of the year. In the beginning they put up a snapshot of the January 2010 Fed Fund future. On June 5 it sold off hard (99.6->99.3) but since regained most of it's losses. He also thinks the FED will buy Treasuries and mortgage-backed securities again to lower yields. PIMCO must have some longs under pressure, or they just went long in size!!



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