Bill Gross in April showed his pessimism for U.S. government-related debt by raising his bets to 4 percent from 3 percent, Reuters reports.

At the same time, Pimco's [see profile] $240 billion Total Return fund also decreased its bets on investment-grade credit to 17 percent from 18 and junk bonds to 5 percent in April from 6 percent the previous month. Gross told the pub that the only way he would purchase Treasuries again is if the U.S. heads into another recession. 

Edited by: Hung Tran


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