2011-06-19theatlantic.com

``Default is the most obvious risk that bond investors face, but not the only one--they also need to worry about things like inflation. Gross has left Treasuries simply because he thinks the yield offered is no longer high enough to compensate him for things like inflation risk. "Global savers have earned yields of 1 percent over inflation over the last half century," he told me. "Now you're not earning the historical rate." ''



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