Europe Risks Debt-Crisis Contagion From Cyprus Deposit Levy

Europe Risks Debt-Crisis Contagion From Cyprus Deposit Levy

Kiyoshi Ota/Bloomberg

Bill Gross, who runs the world’s biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, said on Twitter that the concern in Cyprus “moves risk-on trade to backseat.” He added: “Sell euro as well.”