Gross Says U.S. Recession Odds May Be 30% to 50% Post-Brexit

  • Vote marks ‘end of globalization as we know it,’ manager says
  • Yield on 10-Year U.S. Treasuries may drop to 1.25%, he says

Bill Gross Talks Brexit, Bonds, and Central Banks

The odds of a U.S. recession may be as high as 50 percent following last week’s vote in the U.K. to exit the European Union, according to Bill Gross, manager of the Janus Global Unconstrained Bond Fund.

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