Bill Gross Advises Buying T-Bills to Bet Debt-Ceiling Issues Will Be Resolved

Debt ceiling standoffs like this are ‘always resolved’: Gross
Gross said 30% of personal portfolio in pipeline partnerships

“I think (regional banks) have stabilized to some extent,” Pimco co-founder Bill Gross says during an interview on “Bloomberg ETF IQ.”Source: Bloomberg

Provide news feedback or report an error

Confidential tip?

Send a tip to our reporters

Site feedback:

Take our Survey

By Katie Greifeld and Ye Xie

May 8, 2023 at 5:36 PM UTC

Updated on

May 8, 2023 at 11:13 PM UTC

This article is for subscribers only.

Bill Gross, the former chief investment officer of Pacific Investment Management Co., recommended buying short-term Treasury bills, expecting the debt-ceiling issue eventually gets resolved.

“It’s ridiculous. It is always resolved, not that it is a 100% chance, but I think it gets resolved,” Gross said on Bloomberg Television’s ETF IQ Monday. “I would suggest for those who are less concerned, similar to myself, that they buy one-month, two-month Treasury bills at a much higher rate than they can get from longer-term Treasury bonds.”