Bill Gross’ Total Return Fund reduced holdings of U.S. government-related debt in July to 54% of assets from 63% in June, and boosted its share of emerging-market debt to 11% and mortgage debt to 18%. Gross’ current sweet spot is in the three- to 10-year part of the curve in another example of Fed "anticipation," Zero Hedge winks.
Bill Gross’ Total Return Fund reduced holdings of U.S. government-related debt in July to 54% of assets from 63% in June, and boosted its share of emerging-market debt to 11% and mortgage debt to 18%. Gross’ current sweet spot is in the three- to 10-year part of the curve in another example of Fed “anticipation,” Zero Hedge winks. 
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