UK PRESS: Pimco, the world's biggest bond investor, has turned bullish
about Britain, reversing its position in January, when it warned that
government gilts were resting "on a bed of nitroglycerin", the Guardian
reports. The California-based asset manager is more optimistic about
investing in Britain following the drastic budget cuts announced by the
government while, at the same time, Europe's debt woes make other
sovereign bonds relatively less attractive, the paper says.
