NEW YORK Jan 26 Investors should avoid UK
debt, as the country's high debt level could hurt its currency,
Bill Gross, manager of the world's biggest bond mutual fund,
"Gilts are resting on a bed of nitroglycerin," Gross said
in his February investment outlook, posted on the Pacific
Investment Management Co website on Tuesday.
Gross added UK interest rates are artificially influenced
by accounting standards. Last year, accounting rules led to
long-term real interest rates of 1/2 percent and lower, he
Germany is the safest, most liquid sovereign debt
alternative, he said.
(Reporting by Al Yoon; editing by Jeffrey Benkoe)