Portugal’s Auction Not at ‘Successful Yield,’ Pimco’s Gross Says
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Bill Gross, manager of the world’s biggest bond fund at Pacific Investment Management Co. in Newport Beach, California, comments in an interview with Margaret Brennan on Bloomberg Television’s “InBusiness” on the outlook for the euro zone after Portugal sold debt today as well as prospects for U.S. Treasuries.
On Portugal’s sale of 599 million euros ($778 million) of bonds due in 2020 at a yield of 6.716 percent: