Treasuries’ Brexit Rally Has Bill Gross Eyeing Record-Low Yields

  • Janus fund manager says U.S. 10-year yield may tumble to 1.25%
  • JPMorgan, Bank of America push Fed rate-hike calls to December

Bill Gross.

Photographer: Patrick T. Fallon/Bloomberg

Bill Gross says the Treasury 10-year note’s record-low yield level is in danger of being breached after Britain’s historic vote to leave the European Union amplified risks to global economic growth.

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