re: Bond funds today (Posted on 12/13/12 at 1:23 pm to tigerrocket)
quote: Capital gains distribution???
This, PIMCO paid cap gains today after striking NAVs yesterday. Also the curve had a pretty strong bear steepening, however I doubt we'll see rates rise any more at all until the fiscal cliff negotiations are concluded.
Speaking of, it's looking like it'll be another 2-step deal. With one mini deal to keep us from going over with another set-up for a grand bargain in 2013.
re: Bond funds today (Posted on 12/13/12 at 1:40 pm to wegotdatwood)
quote: So rates will be going up?
I wouldn't assume this until negotiations are finished. Also rates are anchored on the front end and there are "limits" on how steep the curve can get because investors will take advantage of any sort of curve roll-down they can get.