Pimco’s Gross Eliminates Government Debt From Total Return Fund

While this has likely already been priced in for now,  it says a lot about where Pimco thinks rates will be going over time. Also, it takes one of the largest domestic buyers out of the market. That can only cause bond prices to fall over time, both leading to higher rates.  

Pimco’s Gross Eliminates Government Debt From Total Return Fund – Bloomberg.