Bill Gross raised the holdings of Treasuries held in his $289 billion flagship fund at Pacific Investment Management Co. to 33 percent of assets last month, the highest level since July.

Gross boosted the proportion of U.S. government securities in Pimco’s Total Return Fund from 28 percent in February, according to a report on the company’s website. Gross has been advising investors to buy government debt, including inflation- linked securities and nominal Treasuries as the Bank of Japan last week was the latest central bank to announce unprecedented stimulus measures.

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