Bill Gross Recommends Buying Short-Term Treasury Bills Amid Debt-Ceiling Concerns.
TL;DR Summary
Bond legend Bill Gross advises investors to buy short-term Treasury bills as he believes a debt-ceiling deal will come. Wall Street remains cautious ahead of Wednesday's inflation data and amid growing concerns about the debt-ceiling. The Nasdaq Composite has managed to exit a bear market, but the overall mood remains anxious.
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- Bill Gross says buy short-term UST bills, debt fear 'ridiculous. It is always resolved.' ForexLive
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