Bill Gross fears 30-year treasuries as his ‘new normal’ economy emergesPosted on 07 January 2013 with no comments from readers
Bond king Bill Gross, co-chief investment officer at Pacific Investment Management says investors should fear the 30-year US T-bond that looks close to the top of a very long rally.
He talks about the December US employment report and investment strategy. Payrolls rose by 155,000 workers last month Labor Department figures showed last Friday. Gross, speaking with Erik Schatzker and Stephanie Ruhle on Bloomberg Television also discusses the outlook for bipartisanship in federal fiscal negotiations.