Salient to Investors:
Bill Gross at Pimco raised Treasuries holdings to 39 percent in April, the highest level since July 2010, and warned that investors face potential losses from global central banks’ unprecedented monetary stimulus.
Gross said Treasuries are a better alternative than cash, and negative real interest rates, inflation, currency devaluation, capital controls and outright default are among the costs.
Read the full article at http://www.investmentnews.com/article/20130509/FREE/130509894
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