Treasury Moves Cause More Pain for Gross’s Volatility Play
(Bloomberg) -- Bill Gross, the bond manager who joined Janus Capital Group Inc. last year, talks about today's Federal Open Market Committee statement and the outlook for Federal Reserve policy, global bond markets and Pacific Investment Management Co.'s move to hire former Fed Chairman Ben S. Bernanke as an adviser. He speaks with Erik Schatzker on Bloomberg Television's "Street Smart." (Bloomberg)
Investors who thought Treasury trading was becoming a snooze -- including Bill Gross -- may be jarred into an unpleasant reality, if chart readers’ crystal balls are correct.
When the U.S. 10-year note yield pushed above 2.1 percent on Thursday, the highest level in seven weeks, it breached a couple of key technical levels that signal it may keep rising. That means prices would plummet.