Gross Says Brexit Will Put Off Fed Hike, Possibly Through 2017

  • Predict’s Draghi will do what it takes to protect euro zone
  • Says mortgage, agency bonds a good bet with 2%-3% coupon

Bill Gross on Bonds, ECB, and Market Fundamentals

The Brexit vote probably will end the chances for a Federal Reserve rate hike this year and perhaps through 2017, according to Bill Gross, the bond manager who has been warning that low rates are hurting global growth.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.