PIMCO's El-Erian On Bin Laden's Death: Equities Up, Treasuries Down |
| May 03, 2011 | May 2011 Bond Updates |
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As the world looks on to the death of Osama Bin Laden at the hands of elite U.S. military forces, traders and investors are trying to assess how markets will react to the news. Mohamed El-Erian, PIMCO chief executive and co-investment officer, gave his take, noting that “in net terms,” Bin Laden’s assassination would boost equity prices worldwide, while “safe haven” government bonds would suffer. |
| View more at: http://blogs.forbes.com/afontevecchia/2011/05/02/mohamed-el-erian-on-bin-ladens-death-equities-up-treasuries-down/ |
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