Bill Gross, the famous investor who runs the PIMCO Total Return Fund, has sold all of the US Treasury bonds in his portfolio. That sounds like he's selling on the US because he suspects we're bankrupt and incapable of paying back our loans on time. But in fact, it's probably a demonstration of faith that the US economy has rounded a corner and is prepared to grow steadily.
Why Are Famous Investors Dumping U.S. Debt?
This could be one of those confusing circumstances where selling on U.S. debt means betting on the U.S. economy