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NEW YORK (Reuters) – PIMCO's Bill Gross, who runs the world's largest stick fund, said on weekday the only artefact he would reverse his "short" position on U.S. government-related bonds is if the United States heads into added recession.

Since the Apr 11 news that Gross overturned more bearish on U.S. Treasury debt, reflecting his growing worries over the country's fiscal inadequacy and debt burden, Treasury prices hit been soaring.

On weekday Treasury prices lapse though after a better than expected U.S. monthly employment report.

Asked weekday Gross told Reuters: "Treasury yields are currently relinquishing substantially less than historical averages when compared with inflation. Perhaps the only justification for a further rally would be anaemic scheme growth or a forthcoming ceding that substantially down inflation and inflationary expectations."

The criterion 10-year U.S. Treasury state was down 7/32, with the yield at 3.18 percent, on Friday. On Apr 11, the yield stood at 3.58 percent.