Bill Gross Recession Bet Has Minted Millions From Bond Rally
- Former ‘bond king’ nailed wager on short-dated rate futures
- Securities have rallied as traders pile into rate-cut wagers
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One of the big winners from the sudden furious rally in the US bond market: Bill Gross.
The former top guy at the world’s biggest bond fund may just be a marginal player with an up-and-down track record nowadays, but he nailed a rates bet made in late October.