"It's not a question of dissing the United States," Bill Gross says in explaining why Pimco...

|By:, SA News Editor

"It's not a question of dissing the United States," Bill Gross says in explaining why Pimco dumped its Treasury holdings. "When a trillion and a half dollars worth of annualized purchasing power disappears, I simply question as to who will buy them and at what yield." For now, he prefers corporate bonds, some high-yield bonds and emerging market debt.