The Empire State strikes back as Gross doubles down on NY munis
A high-quality credit, New York is issuing muni debt like crazy. And Bill Gross seems more than happy to take advantage of the output.
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Gross: Bond Investors Not Being Rewarded for Risk TodayMassive purchases of U.S. debt by the Fed and foreign governments has suppressed yields, pushing the risk/reward trade-off out of balance, says PIMCO's Bill Gross .
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