It seems bond rockstar Bill Gross is the talk of the town (again).
I remember the good ole days when all we focused was his missing mustache. I guess it’s a bit more complicated these days…
From Joe Weisenthal at Business Insider, “The Bill Gross thesis has always been based on the following question: When QE ends, who will buy Treasuries?…For those keeping score, the yield on the 10-year was close to 3.7% when he first predicted that the imminent end of QE would cause rates to surge. Now they’re right at 3.0%.”
For the whole story, check out Mark Gongloff’s post at WSJ: MarketBeat.
Either way — it begs to question, Who would you rather?
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