...Because certain folks in the financial sector such a bond mutual fund giant PIMCO have bet big by going short on U.S. Treasuries since April of this year? It was reported that Cantor holds such investments. Are the Republicans actively pushing for a default and an interest crisis to payback their financial donors?
http://www.businessinsider.com/pimco-short-treasuries-2011-4
Last month bond giant PIMCO officially abandoned Treasuries completely.
In the meantime, its chief Bill Gross has been warning of a US debt default, while wondering who would stick around to buy Treasuries following the end of QE2.
Well, now the firm is getting even more aggressive with its stance.
It's gone short the Treasury market, according to its latest holdings (via Zero Hedge). Specifically, 3% of its portfolio is bet against Treasuries