FYI: The bond bear market has finally arrived, according to Bill Gross. The 73-year-old Pimco co-founder, who helped invent modern bond trading, tweeted on Jan. 9, “Bond bear market confirmed today,” citing “25 year long-term trendlines broken in 5yr and 10yr maturity Treasuries.”
Bond investors are rattled, as 2018 has kicked off with dropping prices and rising yields, with the rate on the 10-year U.S. government note climbing to nearly 2.6%—the level Gross has designated as the threshold marking the end. “Bonds, like men, are in a bear market,” he reiterated in a market commentary, referencing the recent spate of sexual-harassment allegations.
Regards,
Ted
http://www.cetusnews.com/business/This-Bond-Bear-Market-Doesn’t-Look-Too-Fierce.HyxXmf7DEM.html
