Bill Gross (BOND) upped Treasury and MBS holdings in June, reports Bloomberg, as his fund...

|By:, SA News Editor

Bill Gross (BOND) upped Treasury and MBS holdings in June, reports Bloomberg, as his fund suffered a relative shellacking. To make room, he cut back on non-U.S. government debt. Pimco doesn't break out TIPS (TIP) holdings from the overall Treasurys figure, but Gross had previously been a big buyer and inflation-protected paper got banged even worse than normal government bonds during the selloff.