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Bill Gross, co-founder and co-chief investment officer of Pacific Investment Management Company (PIMCO), speaks at the Morningstar Investment Conference in Chicago, Illinois, in this file photo taken June 19, 2014. REUTERS/Jim Young/Files
Bill Gross, co-founder and co-chief investment officer of PIMCO, speaks at the Morningstar Investment Conference in Chicago

Thomson Reuters

  • Billionaire investor Bill Gross warned the bond market is headed for a record third year of losses. 
  • He underscored inflation and a growing national deficit as reasons for his bearishness. 
  • "I think that bonds are headed for a third straight year of losses and that portfolios should own more pipeline MLPs," Gross said. 

Billionaire investor Bill Gross warned of more pain for bond investors as US fixed-income assets head for an unprecedented three-year slump. 

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Billionaire investor Bill Gross warns of more pain for bond investors with fixe…