Gross: Fed Will Continue to Taper in March

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Feb. 11 (Bloomberg) –- Pimco Co-Founder and Co-CIO Bill Gross discusses Janet Yellen’s testimony before Congress with Trish Regan on Bloomberg Television’s “Street Smart.” (Source: Bloomberg)

The march meeting?

For certain.

She did say in a sentence that followed the clip you just slowed, that only a substantial change in the economy would produce a change in the taper.

She kept her up since -- her options open, i suppose.

The fed is going to taper in 2014. from that point forward, that leaves the burden of proof on the policy rate going forward.

How long will that policy rate stay at 25 basis points?

We think it will stay there for at least another two years.

And maybe until 2016, tell inflation picks up to 2 to 2.5%. we will have to evaluate as we move along as well.

Which will this mean for yields on the 10-year?

If you are to forecast out, where do you see it?

Remember that tens of quantitative easing.

That is what the treasury basically buys.

That's means, who is left to buy the 10-year?

It is insurance companies, and foreign nations that have to find value in that's 2.7% relative inflation.

It will be a proposition going forward for the market.

," finds more solace and comfort at the front-end of the yield curve.

They yield less but basically they are related and correlated to the policy rate.

That means less fluctuations, less volatility, lower return perhaps, or a stable that's going forward.

How do you see her as a

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