Bill Gross Says Record-Low Bond Yields ‘Aren’t Worth the Risk’
- Treasuries decline after German, Japan, U.K. yields rise
- Investors consider outlook for central-bank policies after BOJ
Bill Gross Turns Away From Bonds, Looks to Gold
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The world’s safest assets are getting too risky for Bill Gross.
The 72-year-old bond-fund manager reiterated his warning on sovereign debt after yields from the U.S. to Australia touched all-time lows in the past month. The danger of the unprecedented rally, as Gross sees it, is that any reversal will be painful for investors. Just take events on Tuesday, when losses in Japan rippled across bond markets.