Bill Gross Says 'Total Return' Strategy He Pioneered Is 'Dead'

What You Need To Know

• Yields are much lower than when he first coined the concept.
• At about 4.6%, the 10-year Treasury yield compares with a peak of almost 16% in 1981.
• U.S. debt requires the government to raise the level of outstanding Treasurys by up to a net $2 trillion a year, he says.