Does ECB Easing Pose a Risk to Bond Investments?
Fund manager Bill Gross said he switched positions on European debt following a Bloomberg report that the European Central Bank will probably gradually wind down bond purchases before the conclusion of quantitative easing. “The minute it posted, the 10-year bund contract dropped almost a point,” Gross said in an interview with Bloomberg Television’s Erik Schatzker on Tuesday. The report “caused me to basically reverse positions in terms of being long duration to being short duration.” G Plus Economics Managing Director Lena Komileva discusses the outlook for bonds and negative yields with Bloomberg's Anna Edwards and Manus Cranny on "Countdown." (Corrects wording in the headline)
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Einhorn Amps Up the Pressure on Tesla and GM
02:31 - Hedge fund manager David Einhorn has two of the most frustrating trades in the market: a long position in General Motors Co. and a short against Tesla Inc. Bloomberg's David Welch has more on "Bloomberg Markets." (Source: Bloomberg)