Gross Doubles New York Bet as California Loses Lead

Dec. 27 (Bloomberg) -- Bill Gross has more than doubled his holdings of municipal debt sold in New York, helping propel the world’s largest bond fund to its biggest investment in local securities in six years. Betty Liu reports on today's "Movers & Shakers" on Bloomberg Television's "In The Loop." (Source: Bloomberg)
ECB's Constancio 'Convinced' Greece Won't Leave Euro
17:09 - European Central Bank Vice President Vitor Constancio talks about the outlook for resolution of the Greek debt crisis, contagion risk should there be a failure to reach agreement on Greece's aid program, volatility in European bond markets and European bank profitability. The ECB released its twice-yearly Financial Stability Review Thursday in which it said failure to reach an agreement on Greece’s aid program soon may drive yields on bonds issued by other euro-area countries higher. Constancio speaks with Bloomberg's Alessandro Speciale in Frankfurt. (Source: Bloomberg)
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