Bill Gross

Bill Gross

Andrew Harrer/Bloomberg

“The 1–5 year portion of the curve, beaten up recently due to Fed ‘blue dot’ forecasts and Yellen’s ‘six months after’ comments, should hold current levels if inflation stays low,” Pacific Investment Management Co.’s Bill Gross wrote in his monthly investment commentary on Newport Beach, California-based Pimco’s website. “But 5–30 year maturities are at risk.”