(Reuters) - A lack of confidence has "frozen" the markets for lending
and backed up new junk-bond offerings, and the tide appears to
be going out for leveraged equity investors, Gross, manager of
the world's largest bond fund at Pacific Investment Management
Co., or PIMCO, said in an August investment outlook letter.
Gross also said the U.S. economy will come under pressure
from increased cost of financing.
Read more at Reuters.com Bonds News
and backed up new junk-bond offerings, and the tide appears to
be going out for leveraged equity investors, Gross, manager of
the world's largest bond fund at Pacific Investment Management
Co., or PIMCO, said in an August investment outlook letter.
Gross also said the U.S. economy will come under pressure
from increased cost of financing.
Read more at Reuters.com Bonds News
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