Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
headshot of former PIMCO executive and bond investor Bill Gross

Portfolio > Investment VIPs

Bill Gross Advises Buying T-Bills to Bet Debt-Ceiling Issues Will Be Resolved

Your article was successfully shared with the contacts you provided.

Bill Gross, the former chief investment officer of Pacific Investment Management Co., recommended buying short-term Treasury bills, expecting the debt-ceiling issue eventually gets resolved.

Speaking on Bloomberg Television, Gross, who retired from asset management in 2019, also said 30% of his personal investment is in energy pipeline partnerships because of their tax advantage and high yields.

Last month, Gross said he had purchased bank stocks including Western Alliance Bancorp, Synovus Financial Corp. and PacWest Bancorp as well as SPDR S&P Regional Banking ETF, citing they are “an enticing long-term investment.”

Related: Bill Gross Scoops Up Regional Bank Stocks

Since then, concerns about small banks renewed with the collapse of First Republic Bank worsening fears about the solvency of regional lenders.

On Monday, he said rather than buying or selling banks, investors are better off selling volatility of regional lenders.

(Photo: David Paul Morris/Bloomberg)

Copyright 2023 Bloomberg. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.