Bill Gross may be shying away from risk in the coming year, even after he posted good returns in 2012.

According to Bloomberg News, the Pimco [profile] bond maven told a radio host "“you have to be leery of prices going the other way," with interest rates low.

Gross also noted that shorter maturity treasuries could be good investments, Bloomberg reporters Liz Capo McCormick and Tom Keene wrote:

“There is an appeal strangely enough in the short-term area,” Gross said. “Twist is probably going to be off, so the sale of two- and three-year Treasuries will stop. There is a lot of money on deposit with banks that has been guaranteed. That money basically is not going to be guaranteed anymore. There are hundreds of billions of dollars that may come back into the short-term Treasury market.”

For more information, read the original article here. 

Edited by: Ben Geier


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