Bill Gross increased Pimco's holdings of Treasurys and mortgage debt in November, adding to its...

|By:, SA News Editor

Bill Gross increased Pimco's holdings of Treasurys and mortgage debt in November, adding to its bet that U.S. interest rates will stay low for years. Government and Treasury debt as a percentage of the $241B Total Return Fund climbed to 23% from 19% in October. Treasurys have returned 9.3% in 2011, in what would be their best year since the depths of the financial crisis in 2008, while the fund has returned just 3.4%, trailing 72% of rivals.