The executive director of nonprofit Songs & Smiles believes music builds connections. Even if it’s just an hour a week of singing, people with memory loss can enjoy time with their loved ones and find joy on their journey with Alzheimer’s.
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this program is made possible by contributions to your pbs station from viewers like you. thank you. susie: good evening, everyone. the world s largest bond fund is betting against bonds. pimco s total return fund has sold off its government bond holdings to zero as of the end of february. tom, this is a strong signal from pimco s flagship fund that it sees little value in owning u.s. treasuries. tom: susie, as a result of those bond sales, pimco is sitting on $54 billion of cash. the fund still owns other kinds of bonds. it s holdings are diversified among mortgage bonds, corporate debt, foreign bonds and municipal securities. susie: so what s the reason behind the bond fire sale? joining us now: william gross, the founder and co-chief investment officer of pimco. hi, bill, nice to have you here with you. hello, susie, thank you very much. susie: so your pimco return fund has had great returns up so far this year, it was up 8% last year. tell us why are you selling
this program is made possible by contributions to your pbs station from viewers like you. thank you. susie: good evening, everyone. the world s largest bond fund is betting against bonds. pimco s total return fund has sold off its government bond holdings to zero as of the end of february. tom, this is a strong signal from pimco s flagship fund that it sees little value in owning u.s. treasuries. tom: susie, as a result of those bond sales, pimco is sitting on $54 billion of cash. the fund still owns other kinds of bonds. it s holdings are diversified among mortgage bonds, corporate debt, foreign bonds and municipal securities. susie: so what s the reason behind the bond fire sale? joining us now: william gross, the founder and co-chief investment officer of pimco. hi, bill, nice to have you here with you. hello, susie, thank you very much. susie: so your pimco return fund has had great returns up so far this year, it was up 8% last year. tell us why are you selling