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Bill Gross Would Rather Leave An Undeserved Tip For Slow Service Than Invest In Treasurys

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Bill Gross has unloaded all U.S. government-related holdings, including Treasurys, in the world's biggest bond fund. Mr. Gross, founder and co-chief investment officer of Newport Beach, Calif.-based Pacific Investment Management Co., slashed such holdings to zero by the end of February from 12% in January in the Total Return Fund, a Pimco representative said Wednesday. The selling reflects Mr. Gross's stance as a major Treasury bond bear. He has fretted about the U.S. fiscal deficits in recent months, saying that a 30-year bull run in the Treasury market was over. [WSJ, Related: Bill Gross Tells Investors About The Time He Stiffed A Waitress]

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