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Bill Gross's Bond Bear Market Looms as 10-Year Yield Nears 2.6%

  • Janus market veteran called it a key technical level
  • Fibonacci analysis points to 2.64% as a crucial area
Bloomberg business news

Rising Yields Might Signal an Imminent Fed Rate Hike

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To Bill Gross, the bear is about to roar in the $13.9 trillion Treasuries market.

Benchmark 10-year yields reached 2.58 percent Wednesday, the highest since December, on a report showing unexpectedly strong hiring in February. They’re approaching the 2.6 percent mark that Gross, the bond-market veteran at Janus Capital Management, said will signal the start of a bear market, should it hold on a weekly basis.