KISS A BOND FROG

"CHICAGO (CNNMoney) -- Pimco founder Bill Gross reiterated his warning to cash out of Treasuries Wednesday afternoon.

Investors who have been betting on Treasuries are destined "to get cooked like frogs in an increasingly hot pot of water," the well-known bond bear told attendees at a Morningstar Investment conference in Chicago.

Gross, who manages the $235 billion Pimco Total Return Fund (PTTAX), said real interest rates, which remove the effect of inflation to measure the actual yield an investor receives, have fallen into negative territory. "