Gross Sees 2.60 as Technical Line in Sand

January 9th, 2017 7:07 am | by John Jansen |

This is an excerpt from a longer Bloomberg story:

“If the 10-year breaks 2.6 percent on a weekly or on a monthly basis, because it’s so strong and so important in terms of technical analysis, that if and when it’s broken on the upside, it’s a bear market,” Gross, who manages the $1.7 billion Janus Global Unconstrained Bond Fund, said Friday in an interview on Bloomberg Television and Bloomberg Radio. “And if it’s not broken on the upside, we just stay where we are.”

Be Sociable, Share!
  1. 2 Responses to “Gross Sees 2.60 as Technical Line in Sand”

  2. By Robert @RetirementMedia on Jan 9, 2017 | Reply

    I like Bill Gross, but have learned not to invest based on his specific predictions. I loaded up on Wachovia stock in the crash, as Gross was buying. That didn’t turn out so swell. Regardless, it is another data point.

  3. By John Jansen on Jan 10, 2017 | Reply

    I actually think that the more significant level is 3 percent as that was the level that we traded to in September 2013 when yields topped out on taper tantrum.

Sorry, comments for this entry are closed at this time.