sgt.red.blue.red

PIMCO's Bill Gross Sees a Bleak Future

I think in June early July 2007 on CNBC Bill said we are bear market bond managers now (I believe he was referring to the long down trend of Treasuries) and lo, a few months later, bond prices rallied. So he was bearish, but wrong then.


On May 31 01:41 PM Michael Young wrote:

> Excellent thread. I always wonder if Bill Gross is a little more
> pessimistic than he could/should be. Has he ever been bearish on
> bonds?

Bond ETFs: Are Treasury Bonds Entering a Downtrend?

I did the PCy Emerging Markets Sovereign debt, HYG U.S. Corprate High Yield and PFF Preferred fund in roughly equal position in April. Average blended yield is 6-7 percent. The PFF and HYG move with the stock market. PCy moves in its own orbit, while dollar hedged, it moves against the dollar.