Legendary bond investor and managing director of the PIMCO family of bond funds Bill Gross made an appearance on CNBC yesterday and talked about what investors should be considering these days. According to the CNBC website:

Gross also said bond investors want to buy what the government is buying.

“The Treasury is buying agency mortgages in the secondary market as well as bank capital preferred stocks via the TARP,” he said.

The government may extend the reach to subprime mortgages and insurance and auto companies, Gross said.

Companies like Ford Motor and General Motors, for instance, are attractive, he said.

Source:

“Pimco’s Gross: Rates To Hold Steady Or Decline More”
CNBC, October 29, 2008

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