Treasuries Are a Winner as China Exports Deflation Says Bill Gross
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Treasuries have a lot of things going for them.
Bill Gross says a weakening Chinese yuan will bring slower inflation worldwide. Investors are reducing bets for the Federal Reserve to raise interest rates at its September meeting as China struggles to spur growth in the world’s second-largest economy. And the nation’s move to devalue its currency is also fueling demand for dollar-denominated assets.