Bill Gross Says PIMCO ‘Never’ Short U.S. Treasuries

PIMCO’s Bill Gross, manager of the world’s largest bond fund, said on Monday it was a “misconception” the firm was short on U.S. Treasuries, saying the fund never actually bet against U.S. Treasuries. Gross told CNBC the firm was “very underweight” the U.S. Treasury market and holds other bonds that are doing better than Treasury securities. – Reuters

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