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Bill Gross Surprises With Short Bets on Treasuries, GameStop

Legendary bond investor sees 3-4% inflation in coming months
After making $10 million on GameStop, he’s selling calls again

Video player cover image — Bill Gross, Pimco’s co-founder, says there’s a real possibility of a “taper tantrum” and adds that he’s short the 10-year Treasury future. He speaks with Bloomberg’s Erik Schatzker on “BloombergMarkets: The Close.” (Source: Bloomberg)

By

Erik Schatzker and

Daniela Sirtori-Cortina

March 16, 2021, 7:12 PM UTCUpdated onMarch 17, 2021, 2:37 AM UTC

Onetime bond king Bill Gross has been busy in retirement, shorting Treasury bonds, playing chicken with day traders on Reddit and even making a bundle on energy prices.

The Pacific Investment Management Co. co-founder, who runs money for his charitable foundation, shared some of his trades in an interview Tuesday on Bloomberg Television. Gross said he bet against the 10-year Treasury through the futures market and remains short, anticipating a combination of rising commodity prices, a weaker dollar and stimulus-driven demand will spark inflation.