Klotz on Bonds
Is there a port in the bond storm?
That was the question a CNBC reporter posed to Pimco’s Bill Gross, known as the “bond king.”
In an interview last week, the reporter, noting a tough week for Treasuries, asked Gross where investors could make money in the next several years in a low-return environment.
“I think in the bond market … the best values are in municipal bonds,” Gross said, “and for the primary reason that municipal prices never reached the point of exuberance that Treasuries did.”
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