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English 174  Set Clip Length:  in u.s. treasuries. >> tom: we
ask pimco's bill gross why he's bailing out of government debt
and where he's putting money now. you're watching "nightly
business" report for wednesday, march 9. this is "nightly
business report" with susie gharib and tom hudson. "nightly
business report" is made possibley: 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 municip