PIMCO expects Fed to cut bond buying despite MBS decline

09/3/2013 | Bloomberg

Pacific Investment Management and other investors expect the Federal Reserve to rein in bond buying, despite data showing that government-backed mortgage-backed securities likely saw their fourth down month in a row. "We still believe that tapering is going to happen," said Michael Cudzil of PIMCO. "The Fed is looking at the progress seen in the data over a long-term period of time, rather than any one given month."

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