Pimco Scrambles To Keep Customers, Ratings; Deletes Bill Gross' Tweets

As a portion of Pimco investors continue to flee the fund, with reports of financial advisors not even listening to pleas to stay with fund from their salespeople, Morningstar cut their fund rating – and Pimco deleted the previous six months of Bill Gross tweets.

Bonds weaken as Bill Gross quits from PIMCO

The Financial Times Tracy Alloway and Michael Mackenzie noticed other impact from Gross and his abrupt exit from the firm he founded. Inflation-linked bonds and higher risk junk paper have “weakened noticeably.”

“Despite global conflict the only thing that has impacted fixed income markets is this,” a trader at a large US bank told the FT. “Maybe what the markets...