Bill Gross Says Bond Bull Market Isn’t ‘In the Cards’ as Yields Peak
- Deficit, Fed quantitative tightening put floor under yields
- Ten-year rates to top 3.5% ‘for a long, long time,’ he says
Bill Gross
Photographer: Misha Friedman/BloombergThis article is for subscribers only.
The one-time king of the bond world is talking down the Treasury market.
While the yields may have peaked this year, “a bull market is not in the cards,” Bill Gross, the former chief investment officer of Pacific Investment Management Co. wrote in his investment outlook.