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Pimco’s Gross Says Favoring Mexico Over Germany on Yield Gap

Pacific Investment Management Co.'s Bill Gross said that Germany is in a bond market bubble as the country is saddled with rising liabilities from the region’s debt crisis. Photographer: Andrew Harrer/Bloomberg
Pacific Investment Management Co.'s Bill Gross said that Germany is in a bond market bubble as the country is saddled with rising liabilities from the region’s debt crisis. Photographer: Andrew Harrer/Bloomberg

June 19 (Bloomberg) -- Bill Gross, who runs the world’s largest mutual fund at Pacific Investment Management Co., said he favors owning Mexican bonds over German bunds as the Latin American country has lower debt levels and its notes offer higher yields.

The data makes it a “duh” decision, according to comments posted on the Pimco Twitter account and attributed to Gross.

To contact the reporter on this story: Jonathan J. Levin in Mexico City at jlevin20@bloomberg.net

To contact the editor responsible for this story: David Papadopoulos at papadopoulos@bloomberg.net

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