$140 Billion Bond Fund Goes To Cash As It “Braces For Bond-Market Collapse”

Monday, June 22, 2015
By Paul Martin

by Tyler Durden
ZeroHedge.com
06/22/2015

“If you distort markets for long periods of time and then you remove those distortions, you’re subject to unanticipated volatility,” TCW’s Jerry Cudzil tells Bloomberg, adding that the firm is “as defensive as [it’s] been since pre-crisis.”

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