Bill Gross says Treasurys may no longer protect investors from market meltdowns

Investors looking for shelter in Treasurys as stocks and other assets get worryingly expensive should take note that the government debt market’s insurance-like characteristics may have diminished, says billionaire bond-fund manager Bill Gross. “Risk assets, therefore, have a less ‘insurable’ left...

Bill Gross says Treasurys may no longer protect investors from market meltdowns