Bill Gross Says Ultra-low Yields Mean Bonds Are ‘Garbage’ (TIPS Curve Negative With High Treasury Duration)
by confoundedinterest17 Strong words from fixed-income guru Bill Gross. In a meandering and sometimes off-kilter investment outlook posted on his website, the onetime bond king said longer-term Treasury yields are so low that the funds that buy them belong in the “investment garbage can.” Ten-year yields traded at 1.29% as of 6:07 a.m. in New … Read more