Gross Says Bond Bear Market Has Arrived After a 35-Year Run
- ‘It’s about time,’ Janus fund manager Bill Gross says
- Ten-year is headed to 2.7% in mild bear market, he says
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Oprah Winfrey’s Golden Globe Awards pronouncement that “Time is up” for men who oppress women also goes for the bond market that’s been buoyed by repressed interest rates, according to Bill Gross.
“Bonds, like men, are in a bear market,” Gross, manager of the $2.2 billion Janus Henderson Global Unconstrained Bond Fund, wrote in an investment outlook released Thursday. “Oprah shouted, ‘Their time has come.’ The bear bond market’s time has come as well. Many would say, including yours truly -- ‘It’s about time.’ ”