Average Yield to Maturity: 0.15%
Expense Ratio: 0.15%
Perfect!
It is just like cash, only it isn't cash. It's a professionally managed bond fund! Genius!
Check out the fund's chart. What's not to like? $2.4 billion in assets! Very popular!
July 20, 2009
Focus on short end of yield curve, PIMCO says
Focus as you patiently await the end of ZIRP! 5 years so far! But we really, really, really mean it this time!
It's at an end! Cutting out! Kaput! Finished! Drop the curtain! Break camp! Pull up stakes! Finis! Absolutely, positively it! Not pulling your leg! Down the road! We swear we won't ever be back! Ain't gonna happen! Forget about it! Shutting it down! Lost our lease! Can't find it! Don't care! We're done! Closing shop! Putting up the shutters! Bolting the doors! Slamming them closed! Gonna board the place up! Nailing it shut! Big nails! Nothing gets in or out! Sealing it off! We're history! We really! Really! Really! Mean it! We're not jerking your chain on this! No snow job! Not bluffing! No kidding!
This concludes today's sarcasm report. :)
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