Pimco bets against Japanese-style deflation

09/20/2010 | Bloomberg

Mutual funds at Pacific Investment Management, run by legendary bond investor Bill Gross, are making an $8.1 billion wager that the U.S. won't experience significant deflation. The PIMCO funds entered into derivative contracts and received $70.5 million in exchange for agreeing to pay investors if prices decline in the 10 years ending in 2020.

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