At the Morningstar Investor Conference in Chicago last week, Pimco’s Bill Gross — the world’s most famous and influential bond-fund manager — suggested that investors looking for good yields give up on Treasurys, consider foreign bonds and, notably, high-quality, dividend-paying stocks.
The dollar extended losses against the euro on signs that Europe’s political leaders appear more likely to agree on a way to help Greece bear its debt burden.
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