Pacific Investment Management Co.’s biggest mutual fund suffered about $19.4 billion in withdrawals in December, the 20th straight month of redemptions, capping a year that included the surprise departures of Bill Gross and Mohamed El-Erian. Redemptions from the Pimco Total Return Fund (PTTRX) in...
European government bond prices surged to highs after weak manufacturing data reinforced hopes that the European Central Bank will expand its asset-purchase program to include government debt early this year. The yield on the 10-year German bund sank below 0.5%...
