Bill Gross's initial attempt at shorting U.S. Treasurys didn't work out so great (they had their...

|By:, SA News Editor

Bill Gross's initial attempt at shorting U.S. Treasurys didn't work out so great (they had their biggest rally in eight months) - so he's doubling down. Pimco's $241B Total Return Fund is now -4% in government debt, from -3% in March. Cash and equivalents soared to 37% from 31%.