Saying the world's central bankers are "printing money like gangbusters," Bill Gross is nevertheless increasing his exposure to long-term Treasurys, whose value would be at great risk if all that money stokes inflation. Likely behind the buys is his belief the Fed will keep microscopic short rates for several more years, making even 2% 10-year paper enticing.
Saying the world's central bankers are "printing money like gangbusters," Bill Gross is...
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