Pimco's Gross: Muni bonds among best investments

01/9/2009 | Reuters

Bill Gross, chief investment officer of Pimco, said investors have several excellent buying opportunities in the market, notably municipal bonds, Treasury Inflation Protected Securities and high-yielding investment-grade corporate bonds. He said financial problems of major municipal-bond issuers, such as California and New York City, are widely known, but he does not think the federal government will allow them to fail.

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