Economics
Tudor Jones Stands With Dalio, Gross in Calling Bond Bear Market
- Hedge-fund chief sees U.S. 10-year yield at 3.75% by end-2018
- Tudor Jones tells Goldman Sachs that is a conservative target
Bill Gross Sees 'Relatively Mild' Bear Bond Cycle
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Hedge-fund veteran Paul Tudor Jones has joined the growing chorus of big hitters in the fixed-income world warning that bonds are well and truly in a bear market.
He sees 10-year U.S. Treasury yields rising to 3.75 percent by year-end as a “conservative” target given that supply outweighs demand, economic momentum is outpacing the monetary policy response, and that bond valuations are “glaring.” That puts him in the company of Bill Gross and Ray Dalio who say the days of a bond bull market are over.