Gross says low quality of debt threatens monetary system
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the lower quality of sovereign debt represents a threat to the global monetary system.
Bill Gross, who runs the world's biggest bond fund at Pacific Investment Management Co., said the lower quality of sovereign debt represents a threat to the global monetary system.
Investors should favor debt of nations such as the U.S., Mexico and Brazil, and emphasize intermediate maturities ov
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