Gross Says Treasury Investors ‘Under-Rewarded’ With Low Yields

Pacific Investment Management Co.’s Bill Gross said investors aren’t being compensated enough for owning U.S. Treasuries after he eliminated government-related debt from his flagship fund last month.

“We’re being under-rewarded at this point in time,” Gross, manager of the world’s biggest bond fund, said today on Bloomberg Television’s “InBusiness with Margaret Brennan.” “A saver should be rewarded for the liquidity they are providing and the risk they are accepting relative to inflation.”