Pimco's Gross Says Bond Bull Market Has Ended
May 10 2013 - 11:30AM
Dow Jones News
Bill Gross said the three-decade bull market in bonds ended last
week when the 10-year Treasury yield hit 1.67%, but the manager of
the world's largest bond fund stressed that a bear market in bonds
won't start until economic growth and inflation pick up.
Mr. Gross, founder and co-chief investment officer of Pacific
Investment Management Co. and manager of the Pimco Total Return
fund, made the comments Friday on his Twitter account and in a
subsequent interview with The Wall Street Journal.
The 10-year Treasury note declined in price Friday, yielding
1.88%.
Write to Min Zeng at min.zeng@dowjones.com
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