Eagle Eye Opener: PIMCO’s Gross Boosts Interest in 10-Year Treasuries; WTO Slashes Global Trade Growth Estimate

Eagle Eye Opener

PIMCO’s Gross Increases Interest in 10-Year Treasuries (CNBC)

U.S. bond investors got a much-needed shot in the arm when their patron saint, Bill Gross, raised the allocation for U.S Treasury securities within his $289 billion PIMCO Total Return Fund. Gross upped his ante in 10-year bonds from 28 to 33 percent, while reducing his stake in mortgage bonds from 36 to 33 percent. Gross said this move was in response to the Bank of Japan’s new aggressive monetary stimulus program — which will surely force Japanese investors offshore, toward higher returns in international markets.  While 10-year Treasury securities appear to offer low yields, they’re still 125 basis points more than Japanese investors can get at home. And that situation seems to be enough for him to embrace U.S. debt.

WTO Slashes Global Trade Growth Estimate for 2013 (Reuters)

The World Trade Organization (WTO) reduced its estimate for global trade growth by more than 25 percent on Wednesday, much to the chagrin of international investors. The WTO’s original estimate of 4.5 percent growth was slashed to 3.3 percent. The cut was based on two components: a remarkably small global trade growth rate for 2012 and the ongoing financial crisis in Europe. In addition, 2012’s 2 percent growth rate was the smallest annual increase in more than three decades, since 1981, when records began.  But, WTO Director General Pascal Lamy also warned that 2013 even could be worse, depending upon how world events evolve through year’s end. Here’s hoping Director General Lamy is just being overly dramatic for the 24-hour news cycle.

Exclusive  The Refreshing Scent of Musk

Obama Plops Down $3.77 Trillion Budget on Congress (Bloomberg)

President Obama will deliver his 2014 budget to Congress today, all three and three-quarters trillion dollars of it. Highlights will include a reduction in Social Security and other entitlement programs, a plan to raise revenues by closing tax loopholes and limiting deductions for America’s highest earners — in large part via the Buffett rule, whereby households with an annual income over $1 million would be subject to a minimum 30 percent tax. Ultimately, this budget projects a federal deficit of $744 billion for 2014 — the first time the deficit would be less than $1 trillion since Obama took office.  Unfortunately, Republican response hasn’t been positive, with Senate leader Mitch McConnell (R) of Kentucky commenting, “… sounds like the White House just tossed last year’s budget into the microwave.” Those comments are not encouraging.

share on:

Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns

This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.

Get Access to the Report, 100% FREE

share on:


Dr. Mark Skousen

Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.

Product Details

  • Forecasts & Strategies
  • Home Run Trader
  • Fast Money Alert
  • Five Star Trader
  • TNT Trader

Bryan Perry

A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.

Product Details

  • Cash Machine
  • Premium Income PRO (exclusively for subscribers of Cash Machine)
  • Quick Income Trader
  • Breakout Options Alert
  • Hi-Tech Trader

Jim Woods

Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:

Product Details

  • Successful Investing
  • High Velocity Options
  • Intelligence Report
  • Bullseye Stock Trader
  • Eagle Eye Opener

Bob Carlson

Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.

Product Details

  • Retirement Watch
  • Retirement Watch Spotlight Series
  • Lifetime Retirement Protection Program

Jon Johnson

Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:

Product Details

  • Investment House Daily
  • Stock of the Week
  • Technical Traders Alert
  • Rapid Profits Stock Trader


Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.

Product Details

Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.

  • Dividend Investor

George Gilder

George Gilder is the most knowledgeable man in America when it comes to the future of technology and its impact on our lives.  He’s an established investor, bestselling author, and economist with an uncanny ability to foresee how new breakthroughs will play out, years in advance.

Product Details

  • Technology Report
  • Technology Report PRO
  • Moonshots
  • Private Reserve
  • Millionaire Circle


DayTradeSPY was founded by head trader Hugh Grossman, a retired internal auditor for a Fortune 500 company. After years of first-hand experience trying out one trading strategy after another, Hugh instead developed his own trading system centered around day trading SPY options. That’s it... Nothing else.

Product Details

  • Trading Room
  • Pick of the Day
  • Inner Circle
  • Online Workshops