Bloomberg News

Bill Gross Reduces Treasuries, Emerging Markets

May 10, 2012

In today's "Movers & Shakers" Bloomberg's Betty Liu reports that Bill Gross, who runs the world’s biggest bond fund, cut his holdings of emerging-market debt to a two-year low, selling assets from an area where the International Monetary Fund says growth will slow. Treasuries were 31 percent of holdings, versus 32 percent in March, the report showed. She speaks on Bloomberg Television's "In The Loop." (Source: Bloomberg)

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