For Bill Gross, the Demise of the Bond Bull Market Is Just Basis Points Away
- Janus Henderson bond manager eyes critical 2.4% 10-year yield
- As wage gains boost economic optimism, inflation reports eyed
This article is for subscribers only.
Stop me if you’ve heard this one before: A famous bond fund manager is warning of the end of the three-decade bull market in bonds.
Bill Gross is the latest to sound the alarm, after seeing the strongest year-over-year wage growth since the recession. It would take a sustained move in 10-year Treasury yields above 2.4 percent to convince Gross of a reversal in the long-term downtrend. The yield flirted with that level Friday, but failed to bust through as speculation North Korea was planning another missile test spurred haven buying.