Buy Italian 3-year notes and sell U.S. 30-year Treasurys, suggests Bill Gross. With both...

|By:, SA News Editor

Buy Italian 3-year notes and sell U.S. 30-year Treasurys, suggests Bill Gross. With both yielding about 2.85%, it's about credit risk vs. duration risk. "Classic face-off. ECB vs. Fed. Winner? Italy."