Inside Pimco's Bet on Risky European Bank Bonds

Bloomberg Video

Oct. 18 -- Pimco sees a gold mine in risky European bank bonds, where others see land mines. Bloomberg's Tom Beardsworth reports on "Bloomberg Markets: European Close." (During this report about Pimco betting big on risky European bank bonds, a Bloomberg graphic incorrectly described the type of debt the money manager bought this month from Deutsche Bank. The securities purchased were senior notes, not additional Tier 1, or AT1s.)