Bill Gross remains highly negative on bonds: "Holding Treasurys at these yield levels for an...

|By:, SA News Editor

Bill Gross remains highly negative on bonds: "Holding Treasurys at these yield levels for an extended period of time represents an abdication of responsibility... The argument over whether the end of QE2 on June 30 will result in higher yields and lower Treasury bond prices is [secondary]. Even if 10-year Treasurys stay where they are at 3.3%, and fed funds close to zero, savers... are being shortchanged."