Treasuries ‘Least Dirty Shirt,’ Gross Says: Tom Keene

Pacific Investment Management Co.’s Bill Gross said Treasuries are the premier holdings for fixed-income investors with the U.S. economy failing to produce private sector jobs and Europe’s sovereign-debt crisis threatening the region’s banking sector.

“The U.S. is the least dirty shirt,” Gross said during a radio interview today on Bloomberg Surveillance with Tom Keene. “The world is full of dirty shirts in terms of excessive debt, and the United States is one of those countries, but it still remains the reserve currency and still remains the flight to quality haven.”