NEW YORK (CNNMoney) -- Bill Gross namely jumping behind into U.S. Treasuries. The Pimco writer additional Treasury holdings within his flagship fund because the 1st period phase since May,along to statistics on the firm's website Tuesday,"After my nephew was beaten up. U,michael kors factory outlet.S. Treasuries now make up 12% of the $281 billion Pimco's Total Return Fund () as of Oct. 31, up from 9% within September and August. Meanwhile, Gross trimmed Pimco's holdings surrounded pledge bonds to 47% from 49%. The moves emulate the Federal Reserve's announcement in September namely it would buy $40 billion of pledge bonds each month among one effort apt steer down pawn rates and spur greater economic manoeuvre,michael kors outlet onilne. Gross, Pimco's inventor and co-chief investment officer has been a of the main bank's third circular of quantitative easing,also known for He argued amid his highest recent is the Fed's policy of driving down interest rates through quantitative easing namely causing "financial repression" by punishing savers and encouraging spending that does never help the economy. have been rising on concern namely there could be a paralysis on negotiations between the Obama administration and Republicans surrounded Congress apt avoid the , the scheduled rise amid taxes and cuts among federal spending is many panic could spark a new U.S. recession. In one opinion piece aboard Fortune Tuesday, Pimco CEO Mohamed El-Erian argued President Obama would dominate amid his shake for and namely the financial precipice would be avoided,michael kors outlet. In February of 2011, Gross slashed his apt zero betting namely the government debt prices prices would fall and is yields would spike. That didn't occur and just six months after Gross admitted his wager was a mistake" His fund returned equitable 4% amid 2011. It has done better this annual rising six.8% so distant.